Today's action has broken the 341 neckline and is threatening to close the Steroid Stimugap created Oct 6 -7. The Sep 28th gap which created the rare Island bottom probably has to be closed at 328.73 before I stop talking about it. That is still 10 points south of the current SPY price. Probably that… Continue reading 10/26/20 – Midday Signals, Broken Neckline
The foxes weren't impressed by the application of lipstick Friday, and only 6 of the 27 are long going into today. The pre open action is weak but still respecting the 341 neckline. Those players who are planning to panic about the election are running out of time.