Commentary

5/13/21 Stability At x00

SPY almost tagged the 405 line which is the gateway to the rectangle. The top of the April Fool’s Day pop out of congestion to 400 is the next target. However, the market has a good chance of stabilizing today with x00, which is the most reliable Specter/FF5s buy signal.

QQQ is already back in it’s personal rectangle after putting on it’s four day negative price action master class. However, a little stability today might keep it at the top of it. The good news for the couch potatoes is that it has filled all the pending open gaps.

While today is a mechanical, buy, tomorrow won’t be unless x00 occurs again,

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