gnostication

Citigroup to fall around early June

Short
NYSE:C   Citigroup, Inc.
  1. Head-and-shoulders forming on the 5-day.
  2. Credit card defaults reaching all-time highs.
  3. Cash exodus (mostly to money markets, bonds, etc.) means the hurt on Western/U.S. banks is only just beginning.
  4. Trend is downward.
  5. Looking for a bounce around the bottom of the LuxAlgo indicator channel.
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