Commentary

3/15/21 Afternoon Signals xCC/c3>o3

Not a lot of easy money today but very bullish action for SPY, not being overwhelmed by selling resistance at 394. The consolidation at highs despite recent weakness is about the best action one has a right to expect.

You can’t read too much into recent upper cycle weakness, xCC is a buy here. The lack of the usual rotation frenzy is a relief, That seems bullish to me, but… just a guess.

Leave a Reply

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

WordPress.com Logo

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

Google photo

You are commenting using your Google 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