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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s