Mar 17, 2023
Summary:
Banks blowing up have made for a crazy last couple of days on Wall
Street. How are these circumstances going to affect the broader
market? Avi Gilburt comes on the show to talk about what is
happening with regard to the bank situation; last week, the market
gave us a nice setup for a decline to the 3800 region, and things
could go in multiple directions. The banking sector has been
looking unhealthy for a few years now, and Avi predicts that a lot
of banks are going to continue to face major problems—especially
the bigger ones. How we handle the floor and resistance in the next
week will give us some more insight about how the market is going
to react over the coming weeks and months, so stay tuned for what’s
to come.
Useful Links:
Financial Survival Network
Elliott Wave Trader