Banking Index calling a top?

This could hold all the keys to this market. Forget the SPX chart, its main component is the financials. Also it would seem to me that this is the one chart the FED must watch like a hawk! Since this whole house of cards needs the banks to remain stable and since the FED is a group of Private Banksters.

Check out what I found, look at this overhead, this is a Three Mountain Top.....as good as it gets.

And you wonder why the FED greased M3 in October (see my M3 post on that data) - look at that collapse back in October!

Look at that negative divergence on the indicators - can they break out?

So 372 - that is all we care about, they take it out, long, it holds short. Simple, maybe.








West