EU BANKS| DOWNTREND | CHOP AHEAD | A solvency crisis incoming?

Short chart idea about EU banks.

Expecting choppy times ahead. Currently, at the bottom of the downtrend.

I do not think that the worst case scenario is likely, although can never underestimate the strength of a potential domino effect to a solvency crisis. You can see the probable bottoms from the labelled array of trend lines.

Intuitively, you can observe, that stimulus has kept banks alive. How long it'll last before stimulus becomes counter productive?

The chart summarizes it all.

-Step_ahead_ofthemarket
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DB still in a downtrend.

snapshot

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