CitiGroup Bear Flagging hard. Very high volume selling. I think there's more to this story than the public knows yet. All banks having a terrible day despite beating earnings expectations. I just don't trust the CLO exposure that these banks have. Citigroup may be in for a world of hurt soon if they overleveraged themselves. If Citi goes under we could see the entire financial system collapse with it. Be careful out there.
Technical Pattern Daily: BEAR FLAG
Supports in Green Resistances in Red.
Good luck. This ship looks like it's about to sink.
Comment
⋅
Looks like we are testing the bear flag resistance....it's a long way down from here if the bulls can't bring in some massive volume.