The little rally yesterday has been reversed and now the daily candle is even engulfing yesterday. The Monday bottom does not look too safe, to say the least. 315 still looks like a good target. The 52 week average is around 309.
Days have to be divided by 6 as usual. xM3 is unusual, 78/6 = 13 times in 8 years. x33 is favorable to buy and x03 is not. Note how xF3 and xM3 are less volatile (CH and CL are smaller than x03 and x33). I've been critical of the standard statistical volatility measures because… Continue reading 9/23/20 – Probable x33, Possible x03