BAC EDIT

Apparently I have a sticky "C" key and the 3rd chart in the BAC post was not the correct ticker.


Here are the correct charts.

 15 min BAC

 5 min

1 min divergent at a little head fake move and in line on the downside move since.

As for the mistaken symbol, BA, I assume they may have been the respondent in the Chicago PMI that complained of lower defense spending. In any case, they'd fall in the same boat.

 Probable churning day

 Swing Stop on a close, we are very close

 Position / Trend Stop

 3C 15 min (although you already saw it)

A break below the lower trend line would make for an interesting possible trade as well as a slight bounce to the upper trend line.