Commentary

11/18/20 – Midday Signals

The foxes are resolving to xCC. Some progress is evident on the precarious ascent of Mt Lameduck. On general principles, price has climbed over half way back up, so odds seem to favor making it all the way.

The blue rectangles show the unfilled gaps. They sandwich the Nov 4 candle. A decline to any of those levels is business as usual and probably places an investor may want to buy. But, a possible drop of 25 SPY points is a lot of heat for current longs.

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