XLF....
I could on long diatribe about the Banking sector and financials and the economy...
But I'm not
You want to know why? (i'm going to tell you regardless)
It's because deep down you know that the Banking system is a house of cards and these Bankers..JUST..CANT..RESIST..THEMSELVES
SHORT XLF...for now...and then a Big Short (pun intended) later
(i'll show the "later" on anther chart at a later time...hint see that big horizontal white line well below the "C"...thats the destination for the other "later")
I could on long diatribe about the Banking sector and financials and the economy...
But I'm not
You want to know why? (i'm going to tell you regardless)
It's because deep down you know that the Banking system is a house of cards and these Bankers..JUST..CANT..RESIST..THEMSELVES
SHORT XLF...for now...and then a Big Short (pun intended) later
(i'll show the "later" on anther chart at a later time...hint see that big horizontal white line well below the "C"...thats the destination for the other "later")
Note
We plan to keep updating this XLF post because as the Banks go we go as far as recessions/depressions are concernedWith that said the price structure of the chart continues to be extremely concerning
Conversely, we are heavily shorting SPF/XLF right now because these Banks misfortune will definitely be our gain
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.