The consensus is xFC. The daily chart has blue lines drawn at the bottoms of the various unfilled gaps. Note the two in proximity to the 18 and 54 day moving averages. A bull case can be made from the weekly chart. Using round numbers, there was a move from 300 in June to 350… Continue reading 12/1/20 – Midday Signals
SPY is set to open above Mt Lameduck as November is now in the rear view mirror. XBI/LABU are pretty examples of a break above an ascending triangle. Most of the time these things degenerate into a rectangle. This was a nice Thanksgiving present as the entry on Wednesday afternoon had little risk.