We are now in a corrective wave from the March lows. This is the bank or financial spdr, after trillions of dollars of help we might add. Most of the comments are in the chart but here goes
At top RSI is still above 50% but for how long
The $14 level appears to be important for support for the bank spdr
Volume has been decreasing the entire way up
The MACD has turned negative for the first time since the March low.
The chart for the brokers looks exactly the same, these two groups have had the benefit of billions of dollars of cash, the good news is in this market for now, they may have to make it on their own earnings for a while....
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