Stock Market Crash Banks Sell Off Heading into June 2018. Bank stocks sold off to test their 200 day Moving Averages. Bank of America and JPM both defended their 200 day moving averages while Citigroup and Wells fargo have broken below. This is very important to watch from a price perspective. In order for the market to push towards new all time highs banks must participate so the prices of these large banks is critical to the price of the S and P 500. Are you guys buying the dip?