The Bank Index (BKX) has been lagging the financial sector index but has now formed a potential bearish-to-bullish reversal pattern (inverse head and shoulder, cup and handle). A convincing break above 110.6 would confirm that.

More By This Author:

Value Line Geometric Index At Important Inflection Point
STOXX Europe 600 Index Potentially Reversing To The Upside
S&P 500 Index At Critical Intersection Point