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KBE: S&P500 / BANK RUNS / RSI / MACD / DIVERGENCE / BANK CRISIS

Kort
AMEX:KBE   SPDR S&P Bank ETF
DESCRIPTION: The chart above shows a relationship between KBE & SPX which is important for the current ongoing banking issues. KBE is a BANK ETF that reflects the overall performance of the banking sector in the United States. At the moment there is a major discrepancy between KBE & SPX value. Normally there is a consistent relationship between the banking sector performance and SPX value but one will have to give in eventually.

POINTS:
1. Deviation is 6.25 Point difference & represent crucial points of control for price action.
2. Vertical Orange Lines represent peak price action for S&P 500 & KBE before correction.
3. AVERAGE CORRECTION OF 12% ON KBE DURING BEAR MARKET.

RSI: Overextended from RSI AVERAGE banking sector can see some pullback in the coming days.

MACD: Currently in EXTREMELY OVERSOLD TERRITORY on MACD

FULL CHART LINK: www.tradingview.com/chart/UUCv2fGk/

KBE
SPX


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