After several weeks of back-and-forth action, the financials are likely nearing their next directional move.
The first chart below is a daily of the sector ETF, where you can see the narrowing price acton since May right at the key $20 level dating back several years.
On the next chart, note that Bank of America has yet to either confirm or negate its potential head and shoulders bearish top–But it sure it nearing resolution along with its comrades.
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