BAC - Ready to Rise ?

  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.