Commentary

9/30/20 – Probable xFC

The 60 minute chart shows the bottoming formation that has developed over the last few weeks. Last week Sep 21 – 25 created an Island bottom. How good this formation is and whether the up gap will be filled is subjective. The bottom of the gap at 329 corresponds to the 54 hour simple moving average, and is probably a pretty good spot to buy.

The serious political situation should be kept in mind. I likely will stay flat overnight even if xCC becomes the official 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