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Happy Thanksgiving Rally! – If, Then… Market Timing

Happy Thanksgiving Rally!

By Rod David | November 26, 2015 - 11:39 am

U.S. markets are closed today for the Thanksgiving holiday, but futures are trading on Globex for another 90 minutes. Price action is confirming expectations that the corrective window has closed, as the rally has resumed. Flat-to-higher ranging greeted Europe’s opens, which triggered a 10-point rally to fresh recovery highs. Friday’s light volume and early close creates unpredictability.

You can monitor Globex trading in the chaRTroom, which closes at 1:00pm and re-opens at 6:00pm tonight. Meanwhile, have a great Thanksgiving, and I’ll see you to discuss Friday’s likely templates at the pre-Market Tour (8:55am ET).

Posted in Bigger Picture, S&P