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

Market Wrap (recording & summary)

By Rod David | August 29, 2018 - 4:32 pm

Wednesday was the fourth consecutive session for the morning to contain trending, trending that essentially defined the morning. Its 2916.00 high was retested during the noon hour but not broken.

An afternoon dip to almost 2911.00 was recovered to probe fresh highs, different from the prior four consecutive sessions whose afternoons only ranged sideways. Nevertheless, Wednesday was the fifth consecutive session to close back within the morning/noon hour extreme.

Trending sharply to fresh highs has been fulfilling expectations for the ultimate high’s character. Closing above the 2909.00 objective has put into play 2925.50 and potentially also 2930.00. Fulfilling either or just reversing down could back-and-fill into the weekend.

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