XLF Banking SPDR,, Breaks Down Sharply on Bank Fraud ChargesThe XLF Select Financial SPDR has this week broken down sharply
with Point + Figure Daily Projections now Bearish to 20.79,
or another 10% move to the downside possible.
The catalyst for the sharp break came yesterday with Buzzfeed reporting
that potential criminal indictments of certain EU banks, namely Deutche Bank (DB)
are possible,for money laundering trillions of dollars of criminally linked bank funds.
The news, and what may come afterwards, has the potential to induce a high amount of liquidity strain to the sovereign banks,
With borrowing rates at almost historic lows, as well as already being negative in larger European banks,
the prospect for a quick recovery to this latest crisis grows increasingly unlikely by the hour.
World markets need calm, consistent and very strong financial trading partners,
untainted by the news coming out of Europe this week,
Should any type of this news, with a criminal underbelly cross the ocean to the United States banking system in particular,
then the crisis could potentially explode casting potential liquidity issues here at home as well,
Thus I suggest that you, stay completely away from these money center banks being questioned,
for money laundering fraud until the cycle of drip by drip bad news stops.coming out.
However, it appears that potential fraud discovered recently,has actually been going on unchecked for decades now.
meaning it was approved from the top on down, in a systemic bow to the lawless, to use the system as they needed, and saw fit
THE_UNWIND
SEPTEMBER 23,2020
