Watch Out for the Big Banks - Avi Gilburt #5755

Summary:
Banks blowing up have made for a crazy last couple of days on Wall Street. How are these circumstances going to affect the broader market? Avi Gilburt comes on the show to talk about what is happening with regard to the bank situation; last week, the market gave us a nice setup for a decline to the 3800 region, and things could go in multiple directions. The banking sector has been looking unhealthy for a few years now, and Avi predicts that a lot of banks are going to continue to face major problems—especially the bigger ones. How we handle the floor and resistance in the next week will give us some more insight about how the market is going to react over the coming weeks and months, so stay tuned for what’s to come. Useful Links:
Financial Survival Network
Elliott Wave Trader