Commentary

11/30/20 – Afternoon Signals

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 at within that range, so at the moment the upside is slightly favored.

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