S&P
It”s Monday. In so many
It”s Monday. In so many ways. For the chaRTroom, it means a technical issue with the anymeeting platform. You might want to use the ilinc back-up or keep its link handy. Meanwhile, a small gap up is still indicated, which isn”t much extreme sentiment, but no less vulnerability to being a sentiment extreme. Make it through the open without reversing down, and the bullish WedEX should take it from there. Here”s the pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/pcrswyp
There was a difficulty with
There was a difficulty with the Anymeeting audio feed, forcing us to start a new “meeting”… Here is its login:
http://anymeeting.com/121-576-736
The First Trade… WedExing.
Proper context can start the day with a solid win and make all the difference.
CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)
Through the prior close…
Friday”s open trended down throughout, but remained within the range. The setup”s bearish influence produced only a momentary lower low — touching the morning”s 2112.75 bias-down signal — and kept the market hovering at its lows until late-afternoon. The bullish WedEX influenced the final two hours to trend up to fresh highs, which peaked upon fulfilling the offsetting test of the morning”s 2119.75 bias-up signal.
Overnight action”s new info…
Sunday night”s flat open soon began probing higher, extending so far to 2122.75 and consolidating above Friday”s highs. This is against the backdrop of China”s market facing renewed difficulties, and a “flash crash” in Gold.
If, then…
Having influenced Friday afternoon, the bullish WedEX should also influence Monday morning. The signal is beyond being inverted, and can only succeed or fail. Its influence this morning can be more obvious than it was Friday afternoon, i.e. steeper and more productive.
First Trade…
Exiting the open at 9:45 above 2123.75 would be likely also to trigger the 2121.75 bias-up signal at 10:15. Exiting the open under 2114.75 would be unlikely to trigger bias-up.
Behold, Sunday night”s Globex open,
Behold, Sunday night”s Globex open, in all it”s splendor. Basically, flat with Friday”s close. What a difference the weekend makes. Oh, well, the night is young. Monitor it through the chaRTroom links below:
XP-Friendly: https://www.anymeeting.com/618-390-121
xp UN-friendly: https://roddavid10.mitel-nhwc.com/join/shkphyy
Miss this weekend”s Saturday Review?
Miss this weekend”s Saturday Review? Here”s its recording(s), either in MP4 or the traditional format. This week”s initial possible paths were described in detail, including each path”s consequences, and how to know early which path we”re on. Also included in that detail is the technical and chart-based reasons, which can be applicable to any stock, index or commodity pattern… The chaRTroom will re-open Sunday night with Globex, and I”ll send its links before then — meanwhile, enjoy the weekend!
MP4: http://www.anymeeting.com/nrodpywxnayx/E950D98488463B
ilinc: https://roddavid10.mitel-nhwc.com/join/vsxwkzb