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

Market Wrap (recording & summary)

By Rod David | March 9, 2017 - 4:32 pm

Plunging 12 points to Thursday’s low was not produced by strong-handed sponsorship. It was in reaction to a headline. And it was likely exacerbated by anxiousness ahead of Friday’s Employment Situation report.

Recovering the entire slide into the close was not produced by strong-handed sponsorship, either. Anxiousness ahead of Friday’s Employment Situation report kept price range bound, with plenty of room to bounce.

But new “unfinished business below” was created at the 2351.00 low’s oversold RSIs. And “unfinished business above” remains outstanding at 2374.50. “Lower prior highs” have been tested yet again, and this time recovered to close positive.

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