BAC - Short

There have been quite a lot of red over the past few weeks. This thing seems to be jumping based on news and optimism.

With Mr. Powell stating that we may be in for a long recovery, has this increase in price been justifiable?

This is going to come down to how states handle surge in cases. Will there be more restrictions? What parts of the country? What about travel?

Who knows. But the charts show us that we're on a bearish trend.