KRE Is a reversal underway?

AwesomeAvani Updated   
AMEX:KRE   SPDR S&P Regional Banking ETF
KRE the regional bank ETF is down about 50 % YTD, with a couple of bank failures leading the

way. The question that arises is whether there is more downside. Faith and trust in the

the banking system is at risk. The big banks came in their rescue on First Republic. A run on

the little banks can hurt the big banks even Goldman Sacks. Holding treasuries with fixed

rates lower than current rate sucks for sure. The fed will clean up this mess and will

do it right and has started that process. KRE chart with the fisher transform indicator

and the zero-lag MACD tells me that KRE is now " reverting to the mean" & dropped below

the Fibonacci bands of the basis EMA. Line crossovers on the indicators are confirmatory.

I will seize the situation and add to my long position. Due you agree that this is picking low

laying fruit?

Trade active:
KRE has been trending down but with a bit of a retracement today. Will continue to hold expectant of some recovery from federal action. Lower inflation was helpful to weak banks holding bonds with low yields as rate increases may be terminated.

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