Commentary

12/11/20 – Current Signals

Looks like the the current weekly candle will go down in history painted with red lipstick. Although the market is up over the last 15 weeks, the weekly win loss ratio is deteriorating. The foxes have no xF current readings.

SPY is opening at the top of the Nov-Dec gap and close to the 18 day SMA which is uncomfortably far above the 54 day. Some event risk is also present. All in all, not a real positive picture going into Lipstick Day.

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