Thursday’s weak Spike Bounce signal was triggered with FGIC in the positive zone (+4). Following the selloff on the last three days of the week, FGIC sank into neutral zone at +2. The bars on the chart are colored red when FGIC is -8 or lower (Extreme Fear) and green when FGIC is +8 or higher (Extreme Greed). [ Please follow these links: original and update explanations how FGIC works. ] In previous weeks I have presented several charts analyzing the behavior of FGIC following a medium or strong Spike Bounce signal as well as the more powerful and rare Spike signals. In this week’s chart, weak signals which occurred during 2020 are also…