On the stock market November 24th 2020 - Well it seems 2020 continues the extreme DRAMA going into the last month of the year as a TRIPLE top formation manifests itself today.
The PANDEMIC, the U.S. ELECTION and a wild SPECULATIVE market all of extreme historical proportions give some opportunity no doubt.
This is for those that can handle the VOLATILITY ...
S&P 500 SPDR has been testing that 360 level at the top of the consolidation channel for a few weeks now and it seems it is giving it another try today. So now watching for a clean break through 360 tomorrow with an open around that 364 level.
If that does not occur then can say we have a pretty good triple TOP formation.
The PANDEMIC, the U.S. ELECTION and a wild SPECULATIVE market all of extreme historical proportions give some opportunity no doubt.
This is for those that can handle the VOLATILITY ...
S&P 500 SPDR has been testing that 360 level at the top of the consolidation channel for a few weeks now and it seems it is giving it another try today. So now watching for a clean break through 360 tomorrow with an open around that 364 level.
If that does not occur then can say we have a pretty good triple TOP formation.