Dep. My personal opinion is not to be to hasty to enter. Theres a lot of people that have already lost a lot (I think Im leading the pack) with Financials precisely on this chain of thought. Tread very careful. Heres yesterdays tech analysis from SBK: Bearish: The Banking Index may have completed its medium-term double-top pattern. It is testing the targeted support level of 25,820, and, with its mega-oversold RSI, a reversal could be underway. However, the index would have to escape its bear trend (or trade above 29,870) to confirm a strong recovery (but, movement above 28,160 is positive). Thereafter, we would foresee upside to the 34,850 resistance level, with further surging to the 37,365 mark which is also the resistance trendline (previously known as the support trendline) of its primary bull trend. NOTE: Failing to escape its bear trend would bring breaching the 25,820 low into sight. Next support thereafter would be at 20,830. We recommend investors stay short, but close the short position upon a positive break-out. Support level: 25,820 (followed by the 20,830 level) Resistance level: 29,870 (followed by the 34,850 level)