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Globex link to the chaRTroom – If, Then… Market Timing

Globex link to the chaRTroom

By Rod David | February 15, 2016 - 4:55 pm

The Sunday night crew didn’t mind US markets being closed. They may even prefer it, especially after extending Friday’s rally significantly higher.

Recall that Friday’s gap up and test of Thursday’s “lower prior highs” down to 1834.00 had held, and the balance of the session had trended up relentlessly to test 1860.00. Sunday night’s open gapped up 5 points and extended to 1890.00 at Monday’s noon hour Globex close.

Are 1907.00 and 1920.00 next? Holiday trading isn’t often duplicated on its second day. But not rejecting this interim rally would make those higher highs likely. 

chaRTroom will re-open to monitor Globex trading at 6:00pm ET here.

Posted in Bigger Picture