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BAC Looks Poised for Upside Acceleration


With 10-year YIELD flirting with upside continuation towards 2.50% (last is 2.27%), the big-money center banks are, and should continue to derive benefit from rising interest rates.

Bank of America Corporation (BAC) appears poised for upside acceleration off of its 200-Day EMA (16.13) towards a test of its 2014 highs at 18.03 and 18.21.

At this juncture, only a decline that breaks and sustains below 15.60 will begin to compromise the currently-promising, technical set-up.

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