Citigroup on the Verge of a Major Downturn
I don't like to call major calls in a stock or index, instead I tend to focus more on the short-term which is far more predictable. But the bearish head and shoulders pattern that has been forming since May of this year in Citigroup (C) is far too troublesome not to mention.
Once this stock drops below $47.60, it is lights out for the bigboy.
Here's C's technical analysis: