Friday, November 20, 2020

SPX Update: Rangebound

Really glad I came back in time for a trading range!  Nothing has changed since the update of 11/16.  Worth a mention that it appears to be three down from 3628 (though it could actually support one more low to be a complete three down).

In conclusion, I've noted the next apparently-meaningful levels on the chart above.  Beyond that, we've been in a trading range since the Coronavirus vaccine was announced, so there's nothing much to add until that trading range breaks definitively one way or the other.  Trade safe.

p.s.-- On a completely different note, I spotted this sign at our local Safeway last night, and thought it interesting, given the double entendre it might have these days:

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