SamSuka
The Long Investor
The Long Investor

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$BAC

Triangle formed here with the blue neck line continuing to offer resistance.

We know that with $F and $COST, their triangles broke to the upside but they did not have a strong resistance level cutting through their triangle.

Nevertheless, a break to the upside and this will flip bullish for me.

A break down and we may finally see our Wave C completing. It is still interesting to see how bullish the market has been but $BAC has not enjoyed this enthusiasm.

$BAC

Comments

Thank you! I think $GS looks even worse than this chart. I have read that the inverted yield curve doesnt help banks and its logical

Daniel SI


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