Commentary

1/22/21 Afternoon Signals

xCC is good to be long but note the 47 in wCO.

The daily signal could be x1, x5, or x7. None of those outcomes are bad, so longs should be maintained. The tail on price distribution makes guessing the end of these moves a fool’s errand. Personally, I don’t like the term “tail,” “ass” is more accurate. The January/February transition period is always interesting.

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