S&P 500 has triggered a bigger Shoulder/Head/Shoulder top for a decline to the 813 area.The major banking stocks has all confirmed the break lower ( see the charts below).
Bank of America - Breaking lower - target at 2.53.
Citi Corp. - Break below important support, which has opened for the next leg lower towards 9.7 - 9.9 area.
Goldman Sachs - Headed for next support at 75 but we could easily see the 2008 low at 47.41 again.
JP Morgan - Could find some support in this area, but I'm looking for a move towards the 2009 low at near 15.00
Morgan Stanley - Here to we are headed towards the 2008 low at 6.71.
Goldman Sachs - Headed for next support at 75 but we could easily see the 2008 low at 47.41 again.
JP Morgan - Could find some support in this area, but I'm looking for a move towards the 2009 low at near 15.00
Morgan Stanley - Here to we are headed towards the 2008 low at 6.71. 
No comments:
Post a Comment