- Bank of america daily chart staying below 200 SMA. Price has to move back above this line to avoid a bigger correction
- Weekly chart shows price pausing at 23.6% Fib level and recent resistance level which is trying to act as support. A weekly bullish candle at this level may save BAC bulls from bigger fall.
- Crude oil daily chart shows price trying to hold above the 200 Day SMA
- 4 Hour chart too shows price trying to hold above crucial support zone which was discussed yesterday.
- ES 4 hour chart shows price testing resistance zone.
- Yesterday's support level of 50 Hour SMA continues to work well. Only an hourly close below this level can give a bigger fall.
- SPY Daily chart shows price near resistance zone.
- Weekly chart shows the up trend still intact. The negative divergences has failed to perform as shown in last chart. Chances of an upper breakout is high again.
