The MORNING FIBOCALL for 2/26/20

The MORNING FIBOCALL for 2/26/20

FIBOCALL: The MORNING FIBOCALL for 2/26/20

DAY 3 of our 3 day rule

Watch the LT oversold ones for a bounce to come in the days to come

SPX-cash (Long term view)

The 2/19 high @ 3393.52 is above

A 8% pullback from the 2/19 high , with over 6% in the last 2 days.

The 12/3/19 low @ 3070.33 with the 200 DMA @ 3044.57 below as next support

LT oversold signal is in place


S&P futures: (Very short term view )  

The 2/20 high @ 3397.50 is above

The overnight range is 3158.50-3091 range

The 12/3/19 low @ 3071 with the 200 DMA @ 3049.50 below as next support

LT oversold signal is in place

 

IWM

Closed below the 200 DMA @ 156.67 BUT

Inside our LT bounce zone @ 157.74-154.72

I would BUY and use a close below 154.72 to a very short term exit

LT oversold is in place

 

CRUDE

I would BUY some with a close above the 20 DMA @ 51.30

Our LT .764 level @ 48.08 with the 12/24/2018 low @ 42.36 as further support

No LT signal here at this time

 

XLF

The 200 DMA @ 28.63 is below as next support

Can nibble with 200 DMA holding

LT oversold is in place

 

QQQ

Ticked inside our LT bounce zone @ 215.63-210.47 yesterday

I would start to nibble with 210.47 holding

No LT signal here at this time

 

10 year note yields

The long term downtrend continues

The falling 20 DMA @ 1.545 is above

Our overshoot level @ 1.344 is below 

LT oversold is in place

 

IBB

The 2/19 high @ 123.92 is above

CLOSED just below our bounce zone @ 118.28-116.94

100 DMA @ 114.86 and the 1/31 low @ 112.64 are below

No LT signal here at this time


BITCOIN:

Our long term selling zone @ 10144-11020 is above

Closed below the 20 DMA @ 9720

200 DMA @ 9120 is being tested now

The 50 DMA @ 8675

Our LT bounce zone @ 8469-7989

No LT signal here at this time


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