If the SPX 500 Index is going to rise in Price then the Bank stocks should participate . The Bank of America BAC daily stock chart was examined to see if it was a potential candidate for a rise in stock price.
In the last session the Price made a reversal right at the Descending Fibonacci level 6.90 . Again, as with the daily SPX 500 Index chart , the CCI indicators are indicating that any rise will probably be short lived. The potential levels to watch are 7.30 - 7.58 - 7.65 and 8.1
2 . Remember Icarus.
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