For me, and only using 2018 as a reference - the financials have 100% been a leading indicator for the market. If you don't agree - you can peep my GS post from August 2018 because there really isn't an argument. Seeing as each chart I've looked at has just about the same correlated pattern - just decided to post the one with the best R/R. Without even forecasting some crazy bearish move - even a -4% move could seem like a "pullback" to bulls or the start of another December for bears. Either way - I don't see a way out of this one for COF without touching a PT of mid 76.There's plenty out there to be bullish on but, I'm just not seeing it with the financials rn.
maybe but this bear has had his ass handed to him in a sling! running out of bullets to the downside.
DerekD_
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@TomPower, If you were bearish in Sept when even the bears were bullish, or bullish in EODecember when even the bulls were bearish - you've been spoon feeding the market. Not getting your ass handled by it lol.