U.S. Big Banks Index $BKX is flashing a warning signal. Since 2020, every major stress event has coincided with a breakdown in BKX below its 200 day SMA. Mar2020 (COVID crash): BKX -46% / SP -34% Feb2022 (Russia invades Ukraine): BKX -30% / SP -25% Mar2023 (SVB collapse): BKX <a href="https://t.co/0pbKn1jX04" target="_blank" rel="noopener noreferrer">https://t.co/0pbKn1jX04</a>

U.S. Big Banks Index $BKX is flashing a warning signal.

Since 2020, every major stress event has coincided with a breakdown in BKX below its 200 day SMA.

Mar2020 (COVID crash): BKX -46% / SP -34%

Feb2022 (Russia invades Ukraine): BKX -30% / SP -25%

Mar2023 (SVB collapse): BKX https://t.co/0pbKn1jX04