The Banking Index Update - October 21, 2016

The Banking Index closed at 73.49 with an up tick and with the 30 day C-RSI at a good positive level of +8.15. The Accelerator was in positive territory while technically in a medium term down trending posture with a short term up tick The Timing Indicator was in positive territory with a shift back to upside trending. 

Take a look at the second graph from the top that shows the 30 day CRSI levelWhat is noteworthy is that the green support/resistance line show's that the CRSI is still above it. 

Investors should keep an eye on the Banking Index because a healthy economy cannot move forward without the banking system being healthy as well.

Disclosure: None.

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