Since peaking in early March, the SPDR S&P Bank ETF (KBE) has slowly been carving out a large triangle pattern as traders wondered whether more gain is warranted given the massive post-election rally. According to our “U.S. Market Trading Map”, there could be more pains ahead for the ETF. Below is an update look at a trade in KBE.
Chart 1.2 – SPDR S&P Bank ETF (daily)
You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.
This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?
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