The Banking Index has been building a major Shoulder/Head/Shoulder top since August. A break below the neckline at 43.00 will be very bearish with an objective in the 26.85-27.00 area. The banking industry is normally an leading indicator for the stock market in general. If the topformation is triggered it will have a major impact on the rest of the market.Note how the correction from 17.75 ended almost perfect at the 38.2% retracement of the fall from 121.16 to 17.75.
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