NASDAQ Bank's market behavior is currently unfolding within the context of a cyclic wave pattern, specifically in its fourth wave. This cyclic wave pattern is a representation of the bank's price movements over time, and it is comprised of various phases that can be broken down for analysis.
Starting from its inception, the bank's journey has been marked by...
The chart seems to have just finished WAVE 4 . We should now see the panic from 6/23/6/27 turn and a Panic should not see the low till 8/25 plus or minus 2.5 to 3.5 days from this date .
We now have reached what I would call the LINE in the SAND for the bank sector . You can see that over the last 20 years this zone . But going back to 1971 when the funny money started it looks like we are about to see how weak the system Is .
We're now exactly one year on from the day we posted a collection of TA setups that implied we were due to see turmoil in the banking sector.
Now, a year later, we look set to see the index breaking the 161. And we also have all the narratives catching up to support it.
Here's a list of the 2021 forecasts:
Hmmm... 4100 just couldn't hold... 4104to be exact.
Try as they might these Junk Banks are laden with Toxic trash.
Chocked full of Nutters.
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Regulators gave them a pass - heavily easing reporting of these
Junk Banks, since data only needed to be provided in a prescribed
format exactly ONE Time....
Which one fills first with Financials reporting beginning next week.
This Index will act as support for the RTY and ES in the Short Run.
It is not providing much but is the broadest base of reference for the ES & RTY.
The upper Gap should fill 1st.
AO remains in recovery mode for...
Kinky Tech Banking adds to the NQ's relentless pursuit of Higher Highs.
UP 0.70% today it's assisting the HOLD in NQ.
With Gaps stretching back to November of 2020 near 2840 Level...
Expect a 50% Haircut to the following:
1895 of Wisconsin 11.18 11.24 11.18 -0.03 -0.27% 10.95K 14:00:06
1st Constitution...
Indeed becoming and issue as the Federal Reserve's Backstop is
tettering on the Brink of trading below PAR.
We'll need to see Yeilds RISE in order to stem the increasing stresses
mounting within the Banking System.
Given the ST Louis FED has discontinued it's reporting of:
National Rate on Jumbo Deposits (greater or equal to $100,000): Money Market...
Since March 18, 2021 the Financials have diverged from the Equities Complex.
This can be observed in the NQ Bank Chart above.
It suggests a Financial Storm is brewing.
The Bond Complex is 10.2X the size of the Equities Complex by Value.
Bonds have been Bid since January along with the US DX, it is interesting to observe the JPY/DX Pair.
There is a Divergence...
THE SP is now into my alt targets if it is a wave b it would peak 2844 or 2852 if it is a 5th it will peak 2862 or 2873 look for a drop to 2700 area oil is peaking and trouble in HYG
