KBW (US Bank Index) - 70% Countercyclical Short Trade? Uhoh

10 Ara 2018

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

18 Ara 2018

Not

Update:

20 Ara 2018

Not

Watching for horizontal support:

22 Mar 2019

Not

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.