yauger

The Financials are cooking something

NASDAQ:BKX   KBW NASDAQ BANK INDEX
Looking at the big picture for the Financials, one have to wonder if they are not building a very powerful Third of Third wave that would propel the index to serious new high in a very short period of time. Long term forecast can be tricky but nevertheless any Ellioticians looking at that chart cannot deny its potential. In other words, the chart sports the right look.

But that is a long term charts, even if we are right, the index still has to finish current wave and print a counter trend decline that should navigate in the 90-95 support zone before mounting this potential stratospheric rally.



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