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 | December 7, 2018 - 4:32 pm

Friday’s opening relief rally reversed down 86-1/2 points from 2710.00 to 2623.00 into the final hour. Its reaction up to 2652.00 stopped just short of 2656.00, but only fell back down to 2631.00 and closed above 2626.00. Only above 2626.00. The next lower objective at October’s 2603.00 low wasn’t put into play, but the retest of Thanksgiving’s low wasn’t rejected. No hold-short setup was triggered, but the pattern is still at risk of extending down sharply without delay.

Details and other markets coverage are discussed in the post-market Wrap recording here.
JOIN US AT 9:30 AM ET FOR THIS WEEKEND’S SATURDAY REVIEW.

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