New banking regulations in EU and elsewhere combined with QE punch bowl drying up is taking wind out of the sails of the Financials.
XLF appears to be struggling at the mid-line of the regression channel again!
Potential 4th failed attempt to cross midline unfolding.
Similar chart pattern last July into Sept, which resulted in a ~10% sell off.
Bearish...
Makes sense to me.
$420 on 1/12/18
01/1, 12/6, 2018/12
1, 2, 168.1666666666667
168.1666666666667/100 - 1.682
Phi - 1.618
1.682 = 340/500
168 * 15 min / 60 min/hr = 42 Hours
42 hours = $420 on 1/12/2018
Math makes perfect sense to me.
Anyone else care to guess a date and time LTC hits 420?
Winner gets a chicken dinner.
I'm be happy to receive any tokens of...