Further improvement in sentiment should support deep value plays such as regional banks. Rising yields should also benefit the financial sector.
Technically, the breached key resistance around 48 on heavy . This zone becomes a major support and limits the downside. Currenty trading at $50 presents an attractive risk/reward. Regional banks are also near the long term low in vs the SP500 , which again indicates limited downside from current levels. In terms of target aim for teh 2018 high at $55, and higher.