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

Market Wrap (recording & summary)

By Rod David | November 23, 2018 - 1:23 pm

Friday was essentially another inside day compared to Tuesday, ranging exclusively under Wednesday’s other inside day.

Any other session would have considered this to be bearish, and closing at intraday lows would have been a compelling hold-short, especially for still not rallying out of the 2635.00 test.

But lower participation undermines that predictability. So, the late 13-point slide back to and through the 2631.00 open didn’t qualify for a hold-short. Any delay in recovering Monday makes a retest of the recent 2603.00 likelier.

Details and other markets coverage are discussed in the post-market Wrap recording here.
THERE IS NO SATURDAY REVIEW DUE TO THE HOLIDAY.
chaRTroom will re-open at 6:00 pm ET Sunday with Globex.

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