Deutsche Bank – they hold the largest amount of systemic risk in the global banking environment.
As discussed at the Chart Summit I love failed patterns. We have a BUY PATTERN appearing below on DB … if it holds, breathe a sigh of relief and a move upward ‘should’ occur and that ‘should’ relieve pressure on the system.
If it fails THEN that really isn’t good for the global economy. At all …
So, put DB on your watch list and see if the 13-15 level holds … if we break thru these levels to the downside, watch out as it’s going to get very interesting.
As always, thanks for visiting the site.