The monthly SPY chart highlights the current triviality of this decline. The 13 month simple moving average is going to lose the March 2020 candle soon and its slope is becoming steeper. A move to 360 would take out the December low but just touch the November 2020 high. If things get more serious, the… Continue reading 3/4/21 Longer Term Levels
Day: March 4, 2021
3/4/21 Current Signals xLH/o0>c0 or c2
It was tempting to take a long position into the Thursday morning numbers. QQQ broke through the imaginary line at 312 yesterday. The low for 2021 is around 303. A rising stock price is normal, so x day highs will generally be after x day lows, especially when x gets larger. A low after a… Continue reading 3/4/21 Current Signals xLH/o0>c0 or c2