Commentary

11/13/20 Current Signals

The mid day signals have been holding up well into the close lately. The current readings will morph into some xFC consensus with a little strength.

Not sure what lipstick application will make the weekly candle look good. But, at least the action is happening at the top of the 3.5 month long structure. Penetration of the bottom at 319 would be quite negative as the weekly would then be making a broadening megaphone formation to go with the monthly megaphone from 2018. Challenging that low is a bad week away but stranger things have happened.

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