BAML Technical Analysis Is Looking For Stocks to Move Into New Highs
BAML technical analysis is rather bullish on a seasonal and statistical basis. After breaking into new highs intraday Friday, the S&P 500 ended lower by nearly 23 points heading into the close and shorter-term mean reversion signals have not fired but are looking as though they could. In this environment a Bank of America Merrill Lynch report notes that if stocks were to break into new highs, it would be a bullish signal.
BAML technical analysis notes a . . .
![]() SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
|