Yet another failed break out as Bank of America (BAC) gave back last week’s gains in the previous two sessions. It appears to have found support around $17.30 for now while sellers lurk around $17.60. Holding above $17.60 would be a bullish sign.
I am keeping an eye on financials in general as they were one of the strongest sectors recently. I think they are sort of a “canary in the coal mine” for the market in general.
BAC Daily Chart
