$15 BROKEN OPPPPS

There goes BAC sub $15 finally!!!

$14.63 next stop

45 minutes to go

Hmm very interesting action although the volume is low. It would be noted as a weak session if we definitely break lows of day into close from here.

Below 1093

Below that 1093/1092.50 area the next real decent level of support is 1079/80. Not that we reach that today but if we close below the 1093 the next area of substantial support is there.
One hour in I am pretty surprised by the action.
1092.50 might be a buy with a stop around 1090

1095!

Hmm I got another number around 1093, which is more significant. We will see soon enough.

Thursday

Looks like we will gap down today bu I doubt we sell off today. I would be looking at 1095 as a line in the sand if we get that low. I am actually looking for us to get a nice bounce but we will see how we digest all the news coming in this morning.

Fed out

With the FED out of the way I think the seasonality of the holidays kick in and we head higher. It is pretty much dead out there volume wise so it would take nothing for them to move us higher.
Remember too we have expiration this friday. Most are already trading January options and March futures.

FED DAY

Fed day today so I except very low volume till the announcement. Does this leave us clear to edge higher into a Christmas rally? We will have to see, take note of that 1121/3 area as this is the 50% retracement area of the all time highs and the March lows. That area will act as a magnet here on the upside though ultimately we could head higher.
Remember we could go any way here and 1200 is not out of the picture if the signals turn up. If we can't break up on volume we will put in another narrow range divergence and this would make it 5 in the consolidation range.