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The SPDR S&P Bank ETF (KBE) gapped up and formed a reversal candle as it tested both its 20-day and 50-day Moving Averages. KBE offers a potential buy entry above the ten day high of $23.48. Alternative, KBE could present a buy entry on another undercut of the 20 and 50-day moving averages. Under this scenario, KBE would have to form another reversal candle that would provide the pivot for the potential entry.

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