Financials have taken a real battering in the past 2 weeks with the majors entering correction phase,
C
is mow down 15% from its recent high. During today's trading session it has managed to hold critical support , if it breaks a further 20% drop sits below to the December 18 lows.
Longs are sitting in a very nervous position which will need a green day tomorrow or major trouble lay ahead.
Safe trading if already in, if not stay away.
C
is mow down 15% from its recent high. During today's trading session it has managed to hold critical support , if it breaks a further 20% drop sits below to the December 18 lows. Longs are sitting in a very nervous position which will need a green day tomorrow or major trouble lay ahead.
Safe trading if already in, if not stay away.