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⋅ Hi traders,
We are looking at the 1 day chart of the Dow Jones Industrial Average.
As we can see, a huge bearish flag is forming.
Furthermore, the scandal around Archegos is hurting big business banks. Nomura en Credit Suisse are fearing losses of billions.
Blocked oil tankers slow down production.
Chinese producers are raising prices / money is less valuable.
Chinese housing market has collapsed. China is the "second" economy of the world.
Remember, financial crisis in 2008 started with the crash of the house market in the USA. The "first" economy of the world.
And this is not financial advice, I am not a financial advisor.
So press the like button and share your comments in the comment section below.
Have a good one.
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