Can u explain that 5M shares block traded AH (pushed C down to 46.1 in a blip)?
I'm so sick of losing $600 everyday.... this is a joke... XLF is shorted to the bone now. That trade is so crowded.
Only thing that can save C is a rumor on Fed cutting. Or else there wont be any squeeze on XLF hence C will stay in the gutter for some time to come. The best it can do is to close flat daily. The worst, it can do is keep going down until it hits $43 to make PE (trailing) =10 at least...
risk/reward for short is excellent at this point.
longs are holding bags and shout loudly that they are investing... long term to be exact.