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

Market Wrap (recording & summary)

By Rod David | October 13, 2017 - 4:32 pm

Friday morning’s bias environment exit did at least probe back under 2553.25. But it didn’t follow-through into the noon hour’s exit, or under 2550.00. Fluctuating around 2553.25 through the session kept the market in proximity to reverse down. That vulnerability would diminish the later and later that it wasn’t exploited, and ultimately produce only a temporary dip back down to the open’s 2550.50 low. Even after bouncing back into the close, a new trend extreme close on a Friday was avoided. So, the rally isn’t entrenched, but “unfinished business above” is left outstanding at 2556.75 and 2557.00.

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

I’LL DISCUSS MORE ABOUT THIS RANGE, AND IDENTIFY RELEVANT SETUPS AND PRICE LEVELS, AT THIS WEEKEND’S SATURDAY REVIEW. LOOK FOR LOGIN INFO BY MORNING EMAIL.

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