Charts I’m Watching: Nov 18, 2020

Today’s levitation is brought to you by VIX which, by plunging below its Fibonacci .886 retracement at 22.66, has once again convinced the algos that it’s a wonderful time to buy stocks. Of course, that was in the low-volume pre-market. Carbon-based investors trading in the regular session don’t always agree.Meanwhile, the financial press (and the politicians) are focused on getting the meaningless DJIA up to 30,000.

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