Bank of America Head Technician: “Our Bullish View Is Invalidated, Going Neutral; Below 1806 Spells Trouble”

Friday, January 24, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/24/2014

Yesterday’s BofA’s MacNeill Curry warned that once above $1270, gold becomes “explosive” as the squeeze trap slams shut, which explains why the shorts are desperately defending the critical resistance redline. Today, the chief technician of Bank of Countrywide Lynch looks at the two other key correlation pairs: the S&P500 (via the Emini ESH4) and the USDJPY, which by virtue of being the key funding pair determines the price of risk in virtually every corner of the globe. He is not too happy with what he sees.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter