January 10, 2015


  • BAC Daily chart shows price testing 100 Day SMA.
  • Weekly chart shows price close below 20 Week SMA
  • Weekly MACD is getting ready for a bearish signal. Although daily chart managed to stay above 100 SMA the price action does not look good for bulls.



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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore