Are Financials the Canary in the Coal Mine?

In yesterday's video I said if the market was going to make another leg lower it would happen on the back of financials. Financials delivered that leg lower today as the market screamed systematic risk. The financial sector is on the verge of going to the 2020 crash levels just as inflation continues to rage and the Fed has no choice but to continue raising rate. We have a crucial unemployment number coming out in the morning followed by CPI and PPI next week. Here are the key levels to watch to make sure you have your risk in check...

TotalTheo® Unlimited Monthly Streaming:
https://theotrade.com/all/

TheoTrade TheoTrade 2020 LIVE Event Decade of the Trader
https://theotrade.com/live/

Sign up for the Trading VIX Options Course: https://theotrade.com/vol/

The Next Big Short Class (Risk Twist Spread)
https://theotrade.com/twist/

Weekly Options Trading Advantage Class
https://theotrade.com/wo/

Learn the Tetrapod spread in the Secret Weapon to Trading Options on ETF's Class: https://theotrade.com/pod/

Consistent Intraday Strategies and Setups Class
https://theotrade.com/day/

High Probability Trading with In Out Spreads Class:
https://theotrade.com/spread/

Day Trading Nasdaq Futures Class with Tony Rago
https://theotrade.com/nq

Don't have thinkorswim? Open a TD Ameritrade Account and get the thinkorswim platform for free here:
http://www.theotrade.com/tdameritrade

Guide to Getting Short and Collecting Income: https://theotrade.com/getshort/

Join TheoTrade:
https://theotrade.com/total

Get Market Cliff Notes delivered to your inbox each trading day:
https://theotrade.com/cliffnotes

Get more free videos like these delivered to your inbox each trading day:
https://theotrade.com

Get free thinkorswim® tutorials:
https://theotrade.com/theotradetutorials/

Subscribe to our YouTube channel:
https://youtube.com/theotrade

Follow TheoTrade on Twitter:
https://twitter.com/TheoTrade

Become a fan of TheoTrade on Facebook:
https://www.facebook.com/TheoTrade

Follow TheoTrade on Pinterest:
https://pinterest.com/theotrade