mikeffi
Long

BAC a potential fed play

NYSE:BAC   BANK AMER CORP
60 0 0
Bank stocks have puled back form a potential reverse head and shoulders pattern neckline on lower volume over the last two trading sessions. The market waits for the statement associated with the FOMC statement today and there may be an opportunity to trade any move higher should there be a positive response in finance stocks .
BAC             has held relatively well compared to some peers and is still sitting above the 5EMA. A time conditional order may be the way to trade this.
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