I posted a note a few weeks ago indicating the the market needed the financials to continue to motor higher as support for the underlying trend. As you can see form this chart, the financials uptrend is very much in place from this monthly renko view - one that I use as one of the key variables in determining market direction. Resistance is ahead around 60 which is also the point it breaks out past the 13 month. The renko RSI already turned months ago indicating an uptrend in financials was in play. With the 13 month on the regular chart being broken to the upside this week, that supports this charts upward trajectory.
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