by Bespoke Investment Group
The S&P 500 Financial sector has been on a big run for more than a year now, and the sector is now finally back to its prior bull market highs that were reached back in April 2010 and February 2011. Â This obviously leaves the Financial sector at a key inflection point, with big resistance in its way. Â The sector just happens to be touching up against this big resistance as the major financial firms are reporting their quarterly earnings this week. Â If the sector can take out this resistance over the next week or so, we're likely at the beginning of the next stage of the rally for the Financial sector. Â If it can't take out this resistance, we're looking at a pretty significant triple top.
