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
Mid-day Update… – If, Then… Market Timing

Mid-day Update…

By Rod David | November 4, 2016 - 1:25 pm

REMINDER: Market Wrap will begin early at 3:33pm ET, and it will include the Bigger Picture review since there is NO Saturday Review this weekend.

Holding the 2082.00 bias-down signal had put into play an offsetting test of the 2088.75 bias-up signal. And its test was likely to include a test of 2091.00. Ultimately 2192.25 was touched, but always overlapping 2091.00. And it was retraced back down to 2087.50.

But the vulnerability to reversing back down to and through the lows remains outstanding. The noon hour probed fresh highs, and the 2091.00 bias-up signal has triggered. Sellers are likely marginalized for the day.

Already backing off from testing the 2096.25 bias-up target would make the final hour vulnerable to reversing down. Again, reversing intraday trending on Fridays at all is very unusual, but there have been recent exceptions. And there’s still that attraction below…

Posted in members-only, Mid-day Update, S&P