US Bank about to implode! Regional Banking is gonna take a hit!First you have the FDIC come out and say no matter what we can whether a large US Bank failure - out of nowhere! Japan is stuck in a corner, can't sell bonds to defend its currency, and can't raise rates enough. Like every Central Bank they're stuck. So now a large US bank will be "allowed" to fail that will give Powell the excuse to cut rates - leading to a large reinflation boost (precious metals).
Biden even hinted at rates coming down in July so this regional bank implosion has to happen soon. I don't see banking in the USA doing good long term because the banking structure needs to be consolidated to isolate and do away with cash so they can bring out CBDC's. At that point banks will be "stakeholders" which is fancy speak for fascist government control over corporations, but from an international level.
Also, TTM Squeeze indicator is loaded on every TF except Monthly, which showed that it already went off and is gathering steam for the next leg down in the breakout, but a very powerful move since this is signaling on the weekly chart.
Usbancorp
USB U.S. Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USB U.S. Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the 32.50 usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
💾 U.S. Bancorp 2008 Type Of Crash IncomingWe are now at #5 of the TOP10 biggest banks in the USA, this one seems pretty bad as well.
Let's start with the weekly chart and then we move to the monthly for the bigger picture:
✔️ This week USB had the worst week since Feb. 2020, Covid days.
✔️ A major support level failed in the form of 0.618 Fib. which can lead to lower prices.
✔️ We have a bearish cross on the MACD and RSI trending lower; I will show you the charts this time.
USB Weekly MACD:
USB Weekly RSI:
✔️ While the monthly chart lost EMA10 and EMA100, support was found at MA200.
✔️ The MACD is trending down while already bearish.
How far down it goes will depend on the politics, how much money they decide to print, if the banks will get a bailout or not, etc.
We have to see how it all develops.
The side effects of raising interest.
They wanted to crash the economy... It is working.
Namaste.