Looking at the Technical Analysis Picture of the S&P 500 ETF

The KRE ETF, which tracks regional banks, is on pace for a decline of more than 13% this week. The S&P 500 topped in November 2021 roughly and then it's been doing a steady decline. This last time, things started to look like we were staying above the 40-week moving average line. And that was something that we were getting a little bit more positive about.