$SCHW
Added 2023-10-20 19:23:58 +0000 UTCCharles Schwab has been following the same path as $BAC and $MS. I just had a quick look at $JPM and they are still above their 200 Day MA, whereas we can see here that $SCHW is well below theirs and their 50 Day MA and on track to follow our Wave X target, after I have been warning of this stock sinking for the year.....but bounces, especially corrective bounces have a habit of catching people out.
The market needs the Treasury bonds to come down, this is the only option I see as relief for banks right now.
I expect them to come down soon and finance stocks will be in a good position to reverse but they are clearly not ready yet.
