Friday”s buyers gained traction for
Friday”s buyers gained traction for their efforts. It wasn”t optimal, with the final hour”s entry only barely above the bias environment”s high. But it was higher. And the 3:10-3:20 timing window did trend up to fresh highs. The reward is control of Monday morning”s bias environment.
The last 60-90 minute window”s 8-point slide seems not to have appreciated that buyers gained traction. Actually, the close was at least 1 point above the relevant 2068 level. So, unless gapping down sharply enough Monday, fresh highs are likely.
Gapping down sharply is a possibility. So is gapping up sharply. Greece is just hours away from its vote, and her lenders are just a few more hours away from meeting. There will be headlines.
The late move and other market coverage was discussed during the post-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/kfyxytj
Join us for bigger picture discussion at this weekend”s Saturday Review. You may also request stock chart analyses. It starts at 9:30am ET, linked here:
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