Commentary

10/29/20 Mid Afternoon Signals

At the moment, the non trend following foxes are in agreement with the trend following branch of the family. M13m21, the long term profit champion, was long going into today, while em13, the legacy champion, sat the day out and thinks it will buy at the close.

The shorter term guys think this is x30. Zcon1 is the long term zombi, while zcon2 is short term.

Buying the bottom of the Island gap was a logical move and playing for at least a decent move towards the top of the neckline at 340 – 342 is reasonable. The big decision will be what to do over the weekend, but that’s tomorrow.

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