Looks like banks are staying under pressure with the Fed and PacWest adding more fuel.
Banks may have sold off overnight but all were up in early after-hours trading - until PacWest stepped in and squashed those gains.
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For those interested, I've just updated TA on CBA thread.
In previous post ( a month ago) I did mention where I thought CBA would peak on it's run - turns out CBA peaked a mere 11c above this price.
CBA has just given up it's 12mth POC and dropped into a volume void, so unless some buyers can appear (or MMs have a little run closing shorts) then I think we'll see this void fill at least to low $97's (likely low $96's) soon.
Can view post HERE
Play safe, stay nimble and good luck whichever way you trade...
XJO - Bear Posts only (Factors which might cause the markets to fall), page-9858
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