Well I theorized the banking index might have a last new low on the SPX move down to 923. But it didn't quite happen. But the correction up is happening. And it fits nicely into my projections still for a SPX P2 top. When the SPX makes its top, the banking index *should* be on a Minor (or Minute) wave 2 top of some sort.
The SPX will need the participation of the banks to breach over 950. After a jiggle back in a (b) wave, they will be ready to make their final moves up.
By the way I keep this chart and a few others on my public chart pages. Link on the left of the blog.