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Illustrating the wicks experienced during the Lehman brothers moment. Curious, and not in the media too much, August 31, 2015 xlf flash crash. A wick is a reversal of a move. Either by trading exhaustion of sellers, or by some hidden force. I say, and have no proof to back this up, we were about to experience something very bad in banking on that day, but did not, a little over one year until the 2016 election. I believe a decision was made that day, to watch the markets closely, and make sure if there is ever a turn for the very much worse, it be propped up, or pumped up. Thus we have this very un historic chart since then. Also, January 11, 2016 was similar, and was stopped from getting worse. With negative interest rates, and no lending volume , how can the banks report well their earnings next few days. Maybe they will find a way, i.e. lets just create new checking accounts out of thin air, and charge people for fees they don't know about or understand. What is next in the news? This has xlf short written all over it. Also, note the severity of the xlf drops, v the S&P drops. The magnitude of banks is much larger. Since March 14, 2016 this chart is in fantasy land.
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