$RY
BEARISH2023-04-06By horizon✓ hit-2.5%
1d
✓ -1.0%
5d
✓ -4.5%
21d
✓ -2.5%
Original post
Knox Ridley · 2023-04-06
It's not just the regional banks and Too Big Too Fail banks that appear to be in trouble. Take a look at Metlife $MET, one of the largest insurance providers in $XLF. If $55 breaks, that'll be a clean 5 waves down from the high - not good. Capital One $COF, one of the larger credit card companies, also is working on an incomplete corrective pattern with no buyers stepping in at critical support. And, it's not just the US - Royal Bank of Canada $RY looks like it's going to new lows too.
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