Signals & Trading Plan for Thursday 12/5/19

Q&A
Different readers have asked how we arrive at the S/R levels.  The answer is they are based on observing where price actions encountered significant events before.  This includes previous highs, previous lows, and areas where price spent a lot of time consolidating.  Our S/R levels are not based on the typical Fib levels, or trend line projections.  

Some readers have also asked about the meaning of “contango”.   This concept comes into play when trading derivatives of $VIX such as TVIX, UVXY, SVXY.   We wrote a lengthy article about it here.  

Table of support & resistance levels
We have updated the S/R table to reflect the latest price actions.  
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The rest of this article covers:
Table of Support & Resistance Levels (more)
Market Internal Indicators
Market Directions: Short, Intermediate and Long Term
Trading with Model Portfolio

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