Author: Jeff Clark, Jeff Clark Trader

What looked like a potentially bearish setup last week has flipped to bullish.

It could generate a buy signal any day now.

If it plays out, then it could be trading sharply higher in the days ahead.

In short, readers who bought bank stocks two weeks ago based on the bullish technical setup should take profits now.

Yes, stock valuations are stretched, but betting aggressively on the downside right now is probably a mistake.