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Not bad range for a – If, Then… Market Timing

Not bad range for a

By Rod David | May 29, 2015 - 5:05 pm

Not bad range for a Friday. For any day. Opening around 2118 and sliding to 2102, then bouncing to 2115 and sliding back to 2103. Just more evidence that this market isn”t settling in for the summer doldrums.

The big question is whether a retest of the highs has been avoided. Yet another opportunity to rally through 2118 was rejected by a drop that can extend back under the weeks” 2096 lows. Oversold RSIs at Friday”s low can help to resume the decline. Could Monday recover 2118 instead?

We discussed that a little in the post-market Wrap, linked here:
https://roddavid10.mitel-nhwc.com/join/zvshwzr

Join us this weekend for the Saturday Review at 9:30am ET. I”ll send its links overnight.

Posted in S&P