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

Market Wrap (recording & summary)

By Rod David | February 11, 2019 - 4:32 pm

Sunday night’s 21-point range wasn’t extremely wide, but volatility made the most of its range. The open’s blip-up to 2712.75 had reversed down 12 points to 2700.50. And Europe’s opens had launched a 17-point surge up to 2721.50. Ranging choppily into Monday’s 2714.50 open was retraced back under 2712.00 resistance during the opening 15 minutes of volatility. The morning and afternoon held tests of 2705.50 as support.

That 2705.50-2712.00 range defined the room for noise around 2708.00-2709.00, which also defined the balance of the session. Breaking higher in time could have formed a compelling hold-long setup, which was attempted, in time, but not maintained through the close. The pattern remains vulnerable to resolve in either direction.

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