$SCHW - RC -
Added 2023-05-04 09:52:14 +0000 UTCI have said since the banking issues began in late feb/ early march that I am not convinced that the issues will end quickly and have said that I see more downside, this is happening now.....regional banks are in utter devastation right now too, none of this is good and I am sorry that it appears that I have been quite negative in terms of the market but we simply can not ignore what is happening to these regional banks, they are substantially bigger than many of the banks that went bust during the 2008 financial crisis.
I will continue to chart what I see and we should wait for confirmation of when a trend is confirmed.
I still believe that we are at a delicate junction right now in terms of which way the market may move.....but I personally struggle to see how what is happening to these regional banks is in any way positive and certainly not bullish....but we will let the charts decide.
