The regional banks weekly chart shows a long, continual decline. Prices have continually moved through previously established lows to make new lows. All of the SMAs are moving lower, the shorter SMAs are below the longer SMAs and prices are below all the SMAs. This is a very bearish formation.
The financial services weekly chart shows a long, continual decline. Prices have continually moved through previously established lows to make new lows. All of the SMAs are moving lower, the shorter SMAs are below the longer SMAs and prices are below all the SMAs. This is a very bearish formation.
The financial services weekly chart shows a long, continual decline. Prices have continually moved through previously established lows to make new lows. The 20 and 50 week SMA are moving lower, while the 10 week SMA is moving sideways. Prices are below all the SMAs
The financials weekly chart shows a long, continual decline. Prices have continually moved through previously established lows to make new lows. All of the SMAs are moving lower, the shorter SMAs are below the longer SMAs and prices are below all the SMAs. This is a very bearish formation.
Bottom line: all of these charts show a sector in an incredibly bearish alignment. It doesn't get much worse.
