Late cycle action banks in final 5th wave of C for $JPM JPMorgan Chase & Co.BATS:JPMraulmarcusbrunoSo calling tops is a fools game but based on intermarket analysis with energy stocks outperforming (due to supply shocks) this is late cyscle stuff and IGV outperformance can still just be oversold bounce . Look at wave 1 or A I favour A ..the trend angle is much steeper in first wave favouring and A as for 5 vs 3 of C clear bearish divergence and not shown in the wave 5 the 5 of 5 has bearish divergence versus 3. This does not mean we roll over now these things can drag out .