Charts I’m Watching: Nov 25, 2020

It’s a big day for economic data. The GDP second estimate came in on target at 33.1%, as did the GDP deflator at 3.6%. Durable orders beat at 1.3% versus 0.8% forecast. But, it was Initial Claims at 778K versus consensus of 735K that necessitated a quick dip to yesterday’s lows in VIX.

As a result, ES is back to flat after backtesting its broken channel overnight. continued for members


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