SC Santander Consumer [SHORT]
Updated
SC Santander Consumer [SHORT]. RSI & CCI reversing at double top. Price at multi-year hi w/decreasing vol.
Catalyst: $66 billion, or 5% of outstanding #autoloans are over 90 days delinquent (up 57B prev yr, & 35B prev decade).
Catalyst: $66 billion, or 5% of outstanding #autoloans are over 90 days delinquent (up 57B prev yr, & 35B prev decade).
Comment
SHORT of 
SC looks good again at these levels. The economic drivers are puttering and this thing is running on fumes with a flat tire (highly correlated industry).
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.