Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Market Wrap (recording & summary) – If, Then… Market Timing

Market Wrap (recording & summary)

By Rod David | October 25, 2017 - 4:32 pm

Wednesday morning’s plunge from 2565.00-2566.00 held under 2554.00 for long enough to suggest the decline’s sponsorship was strong-handed. Waiting so long to recover 2554.00 suggested the same, that any rally to any degree — even retesting Sunday night’s highs — would be only temporary.

Recovering from the noon hour’s 2541.50 low peaked at 2556.00-2557.50, which had been the morning decline’s minimum objective. (Reaching 2558.75 came too late to be relevant.) Already having reacted down pre-close, gapping up Thursday is possible and would be credible for extending the recovery. By the same token, gapping back down Thursday would target a retest of Wednesday’s 2541.50 low.

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