Price action has been strengthening for the past 30 minutes, and we held above 137.07, which was my 3rd wave down marker. I have no idea how the Fed minutes will go later on at 2:00, but expect for a catastrophe, I see more upside than down for next couple days starting now.

11/20 Update: Please see my post under technical analysis for main decision to sell. To add to that Dr. silver is down a little and IWM is not cooperating. It is under a fib line, so there is resistance. We need all the indices to cooperate. We will buy back at a better price. There still could be indecision today and SPY may still increase, but R:R is not there this morning.

Leave a Reply.