UPDATE: YEP! >> (4/21: SPDR KBW Bank ETF ($KBE): Bear-Flagging?)
On April 21, we posted a chart pointing out a potential bear flag formation in the SPDR Bank ETF (KBE). The question of whether or not it was a bear flag was answered the past two days, in the affirmative.
How much further will it fall? The pattern would suggest about another 3%. However it is already testing its previous low now so that may provide support. Either way, put this one in the books as another “Yep”!
