Consensus remains at xCC. The slight weakness early in the day did not close the Nov 23 gap where SPY closed at 357.46. The current discussion is whether that that gap will be closed before a move above the top of Mt Lameduck at 364.38. Theoretically the odds are based on where price is currently… Continue reading 11/30/20 – Afternoon Signals
Somewhat surprisingly the foxes are consensus xCC today. Somehow the SMA lines had their colors switched but the rectangle defined by Mt Lameduck is the significant current feature. I'm not expecting a sharp move higher from this area without more consolidation.