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Weakness in the American financial sector?
GM,
American indices at historic highs again, but a major name in the financial sector just lost the DailyMA200.
The last time we saw such a scenario, it was in March 2022, and then there was a -42% decline on this asset.
There's a saying on Wall Street: "Nothing good happens below the 200-day moving average."
Enable notifications, I’ll come back with analysis after the NYSE opens 🫡
P.S: The "only" -31.5% decline happened during Trump's tariffs and not after a classic top.