DBD Strategy Daily - US Financials breaking below support
The US Financial sector broke below 2018 low yesterday, closing at the lowest of the day, the week, the month and the year, and below the major support. Several banks were already in a short-term downtrend, such as Goldman Sachs and Morgan Stanley. Yesterday, the strongest of large banks, Bank of America and JP Morgan Chase also confirmed bearish breakouts. The S&P 500 remains under bearish pressure.
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