Institutional BIG MONEY took advantage of the overnight bounce in China,
to LIQUIDATE large amounts of stock from US banks and the important financial stocks
in the XLF on 10/22/18, putting price right down to important support, after a loss of 2 % today.
The significance of what happens next this week in the banks, cannot be overstated.
A break of support here,in XLF right now, would have serious implications for the rest of the market.
THE_UNWIND
to LIQUIDATE large amounts of stock from US banks and the important financial stocks
in the XLF on 10/22/18, putting price right down to important support, after a loss of 2 % today.
The significance of what happens next this week in the banks, cannot be overstated.
A break of support here,in XLF right now, would have serious implications for the rest of the market.
THE_UNWIND
Note
Big Money ALWAYS Gets Out First..Remember That.THE_UNWIND 10/22/18 542 pm New York
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.