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After trending up through the – If, Then… Market Timing

After trending up through the

By Rod David | March 20, 2015 - 5:38 pm

After trending up through the day previously, warning bells sounded when not also probing another fresh high during the afternoon bias environment. The result was to drop back under Wednesday”s prior high, which had stopped 1 tick short of piercing 2100 to put into play new highs. Thursday had failed to immediately probe above 2100 which also would have put into play new highs. So, not closing above 2100 Friday after actually probing it intraday is starting to send a message. If not for these obnoxious warning bells, maybe we could hear it. No matter how bearish the message, probing new highs can”t yet be discounted. But holding them, let alone extending, can”t be discounted either.

https://roddavid10.mitel-nhwc.com/join/wzctpjy

That”s the recording to Friday”s post-market Wrap. I”ll send another reminder and link to the Saturday Review, which starts at 9:30am ET.

Posted in S&P