KBW (US Bank Index) - 70% Countercyclical Short Trade? Uhoh
Hey traders,
I won't comment on this one and will just let the data and idea speak for itself. IF this happens its going to be a very painful period for many on the lower-bound of income generation who rely on credit creation to make ends meet. Please consider philanthropic endeavours from any capital made on this trade. Godspeed.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
I won't comment on this one and will just let the data and idea speak for itself. IF this happens its going to be a very painful period for many on the lower-bound of income generation who rely on credit creation to make ends meet. Please consider philanthropic endeavours from any capital made on this trade. Godspeed.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
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Update:
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Watching for horizontal support:
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New confirmation level. The upward trend is still intact so this is currently a countercyclical trade on the bigger timeframes.
On the lower timeframes we've been bearish since about October.
On the lower timeframes we've been bearish since about October.
