Don't Ignore This Chart!

Regional Bank SPDR breaks Resistance with Strong Move


Point & Figure charts provide clear support and resistance levels. The P&F chart below shows the Regional Bank SPDR (KRE) breaking above resistance that extends back to June (red 6 on the chart). The 2010 high around 30 marks the next target for this breakout.

  101222kre Click this image for a live chart

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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