depend on next week... but it's triple top break out on weekly, usually valid
looks like credit suisse getting worse and worse and market prepared for it
and JPMorgan said FED will prepare 2T $ to prevent another bank run
looks like credit suisse getting worse and worse and market prepared for it
and JPMorgan said FED will prepare 2T $ to prevent another bank run
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based on old triple top backtest on monthly
remember it's monthly and will rally for 1,5-2 years
remember it's monthly and will rally for 1,5-2 years
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KobeissiLetter twit post
BREAKING: U.S. regulators open to sharing losses to make a sale of Silicon Valley Bank.
First, SVB tried to sell itself and no one bought it.
Then, the FDIC tried to auction SVB and no one bought it.
Now, the FDIC is willing to share some of the losses.
It started out with regulators saying "no bail out will occur."
Then, it became a "backstop" that is explicitly not a bailout.
Now, the U.S. government is willing to "share losses."
This is quickly turning into a bail out.
BREAKING: U.S. regulators open to sharing losses to make a sale of Silicon Valley Bank.
First, SVB tried to sell itself and no one bought it.
Then, the FDIC tried to auction SVB and no one bought it.
Now, the FDIC is willing to share some of the losses.
It started out with regulators saying "no bail out will occur."
Then, it became a "backstop" that is explicitly not a bailout.
Now, the U.S. government is willing to "share losses."
This is quickly turning into a bail out.
but it same like last week cases the weekly close TOO strong, so it will bullish again IMO