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TomDaSpankEngine

KRE: Adios Amigos

Short
SPDR S&P Regional Banking ETF (AMEX:KRE)  
TomDaSpankEngine Updated   
AMEX:KRE   SPDR S&P Regional Banking ETF
Support and Resistance Fibonacci Elliott Wave KRE regionalbanks banks bankstocks regionalusbanks
8
5
supportandresistance fibonacci elliottwaves kre regionalbanks banks bankstocks regionalusbanks
Not the time to be long. Head & shoulders pattern with open gaps to fill below. No remaining support.
Comment:
Wouldn't start scaling in till sub-40
Comment:
Good time to start building your position now that KRE is $36 in pre-market trading
Comment:
I think this rally has legs to get to low-50s before we begin another leg down. EPS estimates are still too high across the sector.
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