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Market Wrap (recording & summary) – If, Then… Market Timing

Market Wrap (recording & summary)

By Rod David | January 17, 2017 - 4:15 pm

The 2257.50 overnight low’s retest held as support. At least 1-minute RSI diverged positively on the low. For now. Its reaction up probed above the 2260.25 buy signal, but only while also overlapping it. It wasn’t quite triggered, let alone rejected. Extending higher overnight would be credible, gapping up back above Friday’s 2266.00 low to try isolating Tuesday’s probe under it. Otherwise, resuming Tuesday’s drop would at least retest last Wednesday’s 2255.00 low, which is the range’s pivotal low whose break could point sharply lower.

Details and other markets coverage are discussed in the post-market Wrap recording here.

Monitor overnight Globex trading in the chaRTroom here.

Posted in Market Wrap, members-only, S&P