The Silicon Valley Bank (SVB) issue is not the same as the 2008 The Silicon Valley Bank (SVB) issue is not the same as the 2008 financial crisis.
The 2008 financial crisis was a global economic downturn caused by a range of factors, including the housing market bubble, the failure of large financial institutions, and the widespread use of risky financial instruments. It had a severe impact on the global economy, leading to job losses, bankruptcies, and a recession that lasted for years.
On the other hand, the Silicon Valley Bank (SVB) issue is a specific problem faced by a single bank, which is a relatively small player in the financial industry. The SVB specializes in providing financial services to technology start-ups, and its issues are related to its exposure to certain high-risk sectors such as cryptocurrency and non-bank lenders. These issues are unlikely to have the same widespread impact as the 2008 crisis.
While both situations involve financial risk and potential losses, they are distinct from each other in terms of scale, scope, and causes.
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Crisis
One chart to SCARE THE HELL... Its one scenario that I have been looking for. Also anticipated that down move from top before it happened and now if it follows my structure then we will see the all time low in history. I don't know how it will look like then but its gonna worst situation we ever seen. I hope we all gonna survive this.
Equitas : Sharp decline in store.!Equitas had a bad day on Monday when it came out with its results. The stock has already been witnessing some strong declines. The rallies at every opportunities have attracted selling interest. The descending trendline (pink line) shows that the resistances were maintained despite its attempt to recover. In the process the stock also formed a descending triangle formation which was broken in previous trading session.
The ADX DMI setup is now highly accelerated with negative DMI inching higher suggesting that we could have a potential decline towards 80 making it a good shorting candidate. Rallies till 94 also is a good point for adding to your position with stop above 99 as a multi day possibility.
Idea Sourced From
NeoTrader
trade.chartadvise.com