FriscoTrades

$KRE Weekly Box Breakout

Long
AMEX:KRE   SPDR S&P Regional Banking ETF
As mentioned in XLF idea, Financial charts looking bullish with a nice weekly box breakout. KRE regional banking etf :

- Look for retest of box or possible sellers to step in for a push down to 8EMA green line

- My bias and bull case - continuation , especially with the MACD bullish cross confluence.

I'm long Dec 72c but can also form a spread with the Dec 69p (.28 delta)
Comment: Calls up big so far, still holding with a stop in place. Barring any major pullback I think we see 80 by end of year.

Any dip back down to the 50EMA is a buying opportunity IMO