American KBW Bank Index – Back Today on ATA Research Radar
ATA Following …
EUROZONE Banks
17.08.2019 – STOXX Banks – Secular View after Fall from the Edge…
Italian Banks
17.08.2019 – FTSE Italia All Share Banks – Italian RISK OFF Job…
German DAX Banks
17.08.2019 – DAX BANKS – Decision Point in the Shadow of German Yield…
Japan TOPIX Banks
17.08.2019 – TOPIX Banks – Japan Debt Yield Omen…
US KBW Bank Index PERSPECTIVE
Almost 13 Years after All Time High…
December 2006 Close 117.52
February 2007 High 121.16
No New All Time High
with
Risk of Reversal Mega Long Term M Pattern
Almost 20 Months after Last Major Top…
January 2018 High 117.14
dominating
Falling Contraction
with
Risk of Reversal H&S Pattern
US KBW Bank Index Long Term Situation
ATA MIND OVER MARKETS
Follow the Trendlines Not the Headlines
ATA MARKET MODEL :
First…Market Motive…
Second…Market Technical Pattern…
First…Main Motives
Global & CHINA – US – EU – UK & Japan
Slowdown & Recession Risk
TRUMP TRADE WAR – US Tariffs & China Tariffs
TRUMP CURRENCY WAR
&
Dovish…Dovisher…Mega Dovish Central Game
FED – Powell
vs
ECB – Lagarde
Second…Market Technical Patterns
Open Negative Scenario
2 Major RISK OFF Patterns :
First…Mega Long Term M Pattern
December 2006 Close 117.52
January 2018 High 117.14
Second…H&S Pattern
Neckline 88.80 Zone
December 2016 – Present
with
MACD Monthly
Sell Signal vs above Trendline
US KBW Bank Index Present Investment Conclusion
American Banks still have Relative Strength vs Other Banks
but with RISK OFF Signs…
that’s why
Special Focus on
Neckline Key Level 88.80 Zone
Now dominating
Activated M Pattern
&
Rising Risk
Break Down Neckline 88.80 Key Level
with
New Wave Down under Neckline
N – TIMES
Finally …
F/X Maxim
Chart is More Important than 1000 Words…
&
Most Important is Final Smart Money Reaction….
First…EOD-s
Second…EOW-s
Final…EOM – Now August
KBW Bank Index Monthly Charts :
16.08.2019 – EOW
