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… Crossing lines. – If, Then… Market Timing

Mid-day Update… Crossing lines.

By Rod David | March 9, 2018 - 1:35 pm

No distributive behavior all morning.

Did the next higher objectives just come into play? That’s “higher prior lows,” a gap and a retracement, at 2818.00 and 2830.00-2833.00 respectively.

The next higher objective had been 2730.25-2732.75, which was met and held Monday, Tuesday and Wednesday. Closing above it would have targeted 2758.00, if it were not already met this morning. Closing above 2758.00 would target 2770.00, but it was met this morning, too.

Closing above 2770.00 would target 2818.00 and 2830.00-2833.00 — if today’s close isn’t back under 2770.00. Closing under 2758.00 would reverse momentum down. Either negative scenario would develop aggressively. epsecially the later that it began.

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