As price advanced passed its' previous high of 12.20, it did so on negatively diverging internals. This is not what you want to see when long. Typically, indicators will create new highs with the price action
to confirm its' bull
run. Right now the indicators are not confirming the price action
to the upside. Add in the fact that BAC
closed below its linear regression
line, and we have a potential short to the lower trendline
in between 11-11.50.