x00 is a favorable state, but YTD, buying the close tends to be losing money at the open. 60 days means x00 has happened 10 days YTD because there are six equities aggregated. Avoiding the overnight seems like a good idea at the moment.
SPY Daily The support at the 52 week moving average (297) appears brittle. The 295 low on this move will most likely be broken. A simple method of forecasting involves assuming that the next low will be equal in size to the move from 322 to 295. The current move down started from about 315.… Continue reading 6/25/20 xX0 Signals