$SPY $390 was the area to go long yesterday and with three chances i let them all go. Why? Same reason it was hard to go short at $430. Fear of continuation. $BAC was also a nice long at the lows yesterday. It couldn’t break thru that bull flag consolidation from a few weeks back (and it wasn’t going to on one touch). It moved up $1 from the lows. You can also see the 88 EMA moving up toward the 142 which is signaling a change of momo.
$BAC hammered off the consolidation pattern. What did you think it would do? Slice right thru it? Come on now.
