Bank of America
Short

BAC - long term short target in 2+ zone

87
BAC has similar to MS setup though looks to have started wave 3 of circle wave 1 already. Expect to see circle wave 1 landing somewhere in 15+ zone before a pullback in circle wave 2 sometime in 2026. Bear in mind this is the view on the financial sector, which imo is leading the market and can be used as a benchmark for the US economy. Major stocks (big tech, consumer staples, etc) still have a great chance to post new highs either in 2024 (AAPL) or 2026 (GOOGL).

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