KRE Regional Banking Index Weekly Chart Sideways Symmetrical Triangle

Remarkable two year sideways profile for regional banking currently. Note that price and the MA's are all lining out within the boundaries of the sideways symmetrical triangle. Price will move out of this triangle in one direction or the other. The range is currently 24.5-26.0 and squeezing tighter with each passing week.

Volume participation continues to weaken favoring a fall out the bottom. Watch the 50% levels for the RSI and stochastics, these will tell you the direction that price will move out of this long term triangle. Projection is sideways to sideways down moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.