buff22

WFC and other Financials Looking Grim

NYSE:WFC   WELLS FARGO CO NEW
WFC             has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44             .59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test.

Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
Comment: today we bounced on and close above support, and will either test resistance or try again, if the former, look for 48-48.20 short zone, above this is very bullish
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