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… Wading game. – If, Then… Market Timing

Mid-day Update… Wading game.

By Rod David | June 30, 2017 - 1:55 pm

Illiquidity isn’t helping matters.

Three dips this morning each stopped at 2418.50. Then each bounced to test or attack 2423.00. Third time was a charm, bouncing up to 2424.25. Its reaction down recovered to a slightly  higher high.

Unsurprisingly for a pre-holiday session, there has been no trending and swings have been shallow. A bigger bounce remains possible before resolving down, and there’s no requirement to resolve down today.

But a bigger bounce would likely hold 2427.75 or else run up to 2432.25. Meanwhile, to remains vulnerable to resolving down, anyway.

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