RE: RE: HoundtraderEasy.
Just the SP500 has double over the past 2 years. Technicaly and fundamentally the market as a whole need a big consolidation.
Technicaly we had a 100% increase + Head and shoulders pattern appears so big consolidation should occur
Fundamentally : The recovery is slowing, unemployment very high and debt are exploding all over the world
So I expect a 20% market correction. BNK will follow the market with a leverage of 1.5 so we can even go to under 5$.
I hope it helps u
Julien