Things are consolidating near the four week high, which is a lot better than sliding down to the bottom of the rectangle. xCC is a buy signal. Note dubious performance and elevated risk in the near term. Close to open numbers have been good.
SPY Weekly SPY poked above the top of the three week rectangle but pulled back to the top yesterday. It is still in a larger 7 week long rectangle going back to the week of May 26. The range looks like 322 - 295. This is essentially the same range of the body of nasty… Continue reading 7/8/20 Life in the Rectangle