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Mid-day Update… End of the road? – If, Then… Market Timing

Mid-day Update… End of the road?

By Rod David | November 17, 2016 - 1:51 pm

Upside targets met.

Fresh highs have probed 2180.00 up to 2185.00-2186.00 again. This time intraday, and a little more thoroughly than after Tuesday’s close.

The potential for reversing down is now greater, but the requirement is not. There is still room for noise up to 2192.00, which is also not required to be met.

Meanwhile, this afternoon triggered no-bias. So, its the bias environment’s upper-end should be defined by its 2186.25 bias-up signal. Probing above it would be doomed to failure.

Closing today back under 2180.00 would increase the vulnerability to trending down tomorrow afternoon. The bearish WedEX’s influence already suggests as much. So, closing today above 2180.00 isn’t likely.

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