A subtle but potentially EXTREME danger in the financial sector
Of all the sectors in the American stock market, I believe the financial sectors exhibits the most dangerous chart pattern at this point, because it is the *only* sector that has not managed to achieve ATHs since the Great Recession. This could mean a multitude of things. The most positive scenario is that it is just lagging and will soon burst to ATHs with significant strength, along with the rest of the market.
However... pay close attention to the relentless declining volume and extreme RSI divergence in recent years. If I was a statistician, would those signals give me confidence that this most positive scenario will take place?
Now let is consider the most negative scenario. That is... the 2008 low was only the beginning or the middle of the decline and a total and utter destructive final phase will eventually follow this 10 year *corrective* rally.
What era are we approaching? Revival of traditional currencies? Or rise of cryptos?
Take care, friends. We live in times that spell caution. That is all I can conclude, for nobody knows the future.
However... pay close attention to the relentless declining volume and extreme RSI divergence in recent years. If I was a statistician, would those signals give me confidence that this most positive scenario will take place?
Now let is consider the most negative scenario. That is... the 2008 low was only the beginning or the middle of the decline and a total and utter destructive final phase will eventually follow this 10 year *corrective* rally.
What era are we approaching? Revival of traditional currencies? Or rise of cryptos?
Take care, friends. We live in times that spell caution. That is all I can conclude, for nobody knows the future.