BAC and the banking stocks behaved as I suggested they would yesterday.
Take a look at today’s video below to see more.
Also there were a couple of Doji bars that reversed – notably VZ which I highlighted yesterday morning.
Finally, I want to make the point that the markets are never wrong. This is something I talk about in this video. It’s vitally important that you take your ego out of your trading. It’s not a case of the markets being right or wrong. They just are.
What we do, plain and simple, is to observe what we consider to be obvious signs of buying and selling activity and then jump on the back of the more compelling side. This is what our technique is all about.
All the best