JoeHayes
Long

BAT PATTERN Long @ 37.50

AMEX:KRE   SPDR S&P REGIONAL BANKING ETF
Coming off 52 week highs for the identified 'XA' leg. 37.50 is clean support on both daily and weekly charts.
There is also very nice bullish momentum divergence seen on the Mac-d histogram.

Enter Long just in front of the 'D' point at 37.55
Stop Loss below 'X' point around 36.60
My initial Profit Target will be 38.75 which should see resistance with second profit target being the 'B' point @ 40.35
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