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Mid-day Update… Sold out. – If, Then… Market Timing

Mid-day Update… Sold out.

By Rod David | July 27, 2016 - 1:41 pm

Holding support.

This afternoon’s 2156.00 bias-down signal was still being tested at both 1:20 and 1:30 to trigger noN-bias. Not a bias-down or no-bias. Greeting the 2:00 FOMC statement from above 2159.00 would start to be a position of strength. But nothing prevents a knee-jerk reaction in either direction, or for ultimately ending down.

But there is no unfinished business today above or below. The environment tends to be volatile, so be cautious with positions in this environment.

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