*Banking sectors rallied significantly than other sectors during the last 3 months since the March 6 bottom.
*$BKX rallied 26 points, 146%, since the 17.75 which alerted on the March 6 low.
*The index is consolidating in a tight range as shown on the $BKX chart with about fib 35% retracement range.
*The top 30 banks rallied 50%-300% since the low in Nov 2008 and Mar 2009.
*37 pivot
*Which fundamentals is bearish, technical analysis is showing bullish Intermediate Term market outlook.
*No violation of the recent uptrend in rising wedge formation.
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