Commentary

08/24/20 – Probable xFF

Weighted price has not been below either of the 7 day averages since July 30th. WPrice has been above the 13 day averages since June 29th. That was the end of a period of mild weakness.

The June 29th candle is tagged with the swing low 298.93. Since then it’s been a Bourgeois socialist’s wet dream. The only two non remote possibilities today are xFF and xCF, both of which are buy signals.

I submitted an article on Sunday to SeekingAlpha. It looks at taking positions in 3x Bears during flat periods. I call this technique 3xWushu. Haven’t received any feedback from the editors yet. Also, in response to a SA comment, I’m working on a followup article along the same lines with FNGU/FNGD.

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