KRE offers an objective short entry on this backtest of the recently broken uptrend + most recent divergent high. The current final price target at this time is the T2 zone (~57.80-58.80) with the potential for 3 additional targets, depending on how the charts develop going forward. The maximum suggested stop (if targeting T2 or more) is any move above 68 (or one could use a daily close above 68). 60-minute chart below.
KRE 60m Feb 7th
IWM (Russell 2000 Small-cap ETF) nearly mirrors the chart of KRE due to the large number & high-weighting of regional banks in KRE. As such, IWM or /RTY (R2k futures) could be shorted in lieu of KRE. Other R2k proxies are /M2k (R2k Mico E-Mini futures), RWM, TWM, & TZA (-1x, -2x, & -2x short ETFs).