Rate pull back

in LeoFinance3 years ago

So yesterday I was saying that the rates and banks were trading in step. I also pointed that they both looked over heated a bit. Today the overall market was up big, and guess what? Rates were down today, followed by the banks.

image.png

The banks have been out preforming the market as of late, and here is the chart of Bank of America.

image.png

Down 2 %

Posted Using LeoFinance Beta

Sort:  

Excelente analisis.
Te comparto el mio. El retroceso puede ser hasta un poco mas de la zona que tienes marcada, podriamos esperar retrocesos de hasta los 33.1$.

Excellent analysis.
I share mine. The retracement can be up to a little more than the zone that you have marked, we could expect retracements of up to $ 33.1.

Posted Using LeoFinance Beta