December 17, 2013

Bank of America Previous resistance as support

  • Bank of America is correcting towards previous resistance zone(14.97 - 15.03) which may act as support level.
  • Indicators like RSI are approaching oversold zone which may help bulls to turn up from the previous resistance level. 
  • for now 38.2% Fib level is trying to give support for the correction.
  • ES Chart update

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