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SOMETHING IS BROKEN IN THE INSURANCE SECTOR. WATCH $IAK $KIE

Short
SPDR S&P Insurance ETF (AMEX:KIE)  
nexxtrade  
AMEX:KIE   SPDR S&P Insurance ETF
Trend Analysis Chart Patterns Technical Indicators momentumstrategy Momentum Oscillators momentumtheory momentumtheoryindicator thenexxtrade Contains image
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Something is broken in the Insurance sector.
Is there insurance for insurance?
Trading is like Sherlock Holmes, sniffing for clues. And this is what we found!

snapshot

$IAK

- volume surged since 21st May 2022
- POC level seen at the peak of the chart seems like smart money has been distributing at the top
- bearish momentum divergence / momentum broke below neckline

snapshot

snapshot

$KIE

- like $IAK, seems like the smart money haven been distributing at the peak ( stage 3 )
- price rejected upward trendline
- price retest neckline at the moment
- bearish momentum divergence

snapshot


"the difference between good and great is attention to detail"



Cheers and happy trading!


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