Commentary

8/14/20 Probable xCC

SPY Daily

Not very many 3 day sequences since the end of June that a clairvoyant investor would elect to not buy. Should there be trouble, the 18 day simple moving average at about 330 is a target, then it goes about 315 for the 13 week and 300 for the 52 week to use round numbers. No special reason to think that will happen immediately.

xFC is the other major possibility for the signal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s