10/28/17 - SPX and BAC Update

Looks like the SPX made quick work of that wave (iv). I tweeted my updated target to 2550 on the high end and looks like it split the difference between 2550-2540.

Because that wave (iv) does not look quite proportional to me, I'm leaving room for an extended wave (iii) here as noted on the chart.

SPX - Daily

BAC continues to claw it's way higher. Maybe triangulating since 10/24 and that projects to about 28.6x, which is in line with the range (7 month Mar-Oct) break out target in the same area.

BAC - Daily

BAC - Close up

10/24/17 - Bank of America (BAC)

BAC clearly out of that 7 month range that started in March. Lets see if she wants to hit 29.

BAC - Daily

10/24/17 - AM Update

Since my last post, I have been watching and waiting to see what wave (iii) does at the 2570ish level. So far, it has taken a pause at 2578.29 and pulled back about 10 points. If it can't poke over this level in the next few sessions, I will assume wave (iv) is in progress.

Wave (iv) target zone is approximately 2540 on the high end to 2515 on the low end. We'll see.

SPX - Daily

10/5/17 - EOD Update

Not much to add since the 9/20/17 post. Wave (iii) is still in progress. Lets see what happens at 2570, the top end of the range breakout.

SPX - Daily

BAC broke out of it's range and so far hit the bottom of the projected range between 26-29 as posted on 9/20.

BAC- Daily