Commentary

8/20/20 Probable xCC

Note that the 8/11 and 8/19 xEMs are identical, but at the moment, today’s reading might not not be xFFFF like 8/12, but that is still in possible. The mild weakness with the Fed minutes and Thursday morning was almost laughable while it was happening. The other major possibility is xFC, probably a good idea to follow the algorithm signals here, long on xCC and flat on xFC.

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