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")
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XLF about to take an EPIC tumble
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Still gearing up for a significant downturn
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We plan to keep updating this XLF post because as the Banks go we go as far as recessions/depressions are concerned
With 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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How safe is your Bank?
Might want to find out
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As the Banks go..so does the Market
XLF should touch the 43 level this week by Wed
What will follow is going to be an EPIC move down
PREDICTION: XLF will end the month significantly lower than where it is today
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