The Regional Banks ETF $KRE is currently exhibiting a Squeeze Score of 96.2 and a Long-Term Squeeze Score of 93.7.
Here’s what the chart looks like:
Regional banks are setting up for a historic squeeze. After gapping higher in early April, the group has spent the past month moving sideways, storing energy while the primary trend remains bullish.
Volatility on the Strazza Indicator is at its lowest reading since late 2019, signaling the kind of momentum reset that can lead to explosive breakouts, even in areas of the market many consider boring, like regionals.
The base is nearly complete, and a breakout from this short-term coil could act as the trigger that completes the larger base breakout.
