Dec. 4 at 8:08 AM
$SPY cannot be too bearish if banks are making ATHs. Never broke down on the selling either now we have new highs in many of the big banks
$C up 3% and
$MS close to 3% both new highs.
$XLF looks great for more upside. If banks not going down the index will likely not go down. I have a custom index i watch, SMH+3*XLF and thats looking very good.