take a look at these 2 30 minute charts of the XLF and the BKX ,Financials and banks.Look at the date on the inflection point it was the day that OMB Director Mulvaney took over as head of the Consumer protection agency. Incoming Fed chairman Powell also sounded less aggressive when it came to bank regulation when he testified at congressional hearing earlier this week.less regulation=Higher bank stocks ,tax bill pass= Risk on . A double dose of good news for the sector that has also been provided a boost from the rotation out of Big tech into banks.
BKX 30 minute
XLF 30 minute