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.
Day: July 8, 2020
7/8/20 Life in the Rectangle
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
