Mon. p.m. 22/11/21.  ASX200 remains range-bound.  Banks slump again.

XJO fell -0.59% but finished off its lows for the day.

The short-term trend is bearish.  The medium-term is sideways.  Long-term is up.  We need to see all three in sync.

ETF for Banks (MVB):

MVB broke below support at 30.77.  Next significant support level is at 29.85, which coincides (more or less) with the 200-Day MA.  If the chart gets down that far, that will probably be the end of the decline.

Today was the fifth day of declines, and the ETF is getting well into over-sold territory, so it's likely we'll see a bounce in the next day or two.