Commentary

9/16/20 – Probable xM3

Today saw mostly positioning for the FOMC announcement. No FDIC insurance for SPY investments was announced, and tomorrow features Thursday morning numbers. There is a slight chance that x33 will appear if there is later day weakness, that should be bought.

As mentioned yesterday, xM3 isn’t a terrible place to go long but the resistance just below the 18 day SMA is looking significant.

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