I rechecked the daily charts:
BAC is trading in a bull flag - a break of the daily 50SMA will take us to $16.70 first and if it gets through that...$17.30
GS daily chart has a falling wedge - a break of its daily 20SMA will take us to its daily 50SMA and after that....$180
JPM daily chart also has a falling wedge - a break of its daily 20SMA will take us to $43.50 and then $44.40
XLF weekly, however, is still a bearish pattern, but each time the bears try to take it down, $14.20 holds! Watch the sloping trendline I have pointed out in the last post, if it breaks (i'll be stopping out), we're going to daily 50SMA then $15.10 - $15.30 is heavy resistance.
Monday, I'm thinking a push up in the XLF and then some kind of consolidation as the XLF tries to break the sloping trendline.
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