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Post-market Wrap (recording & summary) – If, Then… Market Timing

Post-market Wrap (recording & summary)

By Rod David | April 5, 2016 - 4:41 pm

Tuesday afternoon missed two opportunities for rallying out of the range and up to safety. Not that a dip couldn’t have developed, but Tuesday’s range could have served as support to launch a bigger rally.

Now Tuesday’s range can serve the inverse purpose. Rather than offer a safety net below, now bouncing from a break lower would be as difficult to recover. Gapping up above Tuesday afternoon’s 2046.00 high may be the only bullish scenario.

Not that a break lower will try recovering soon. As much time as was spent consolidating Tuesday, the late return to session lows has no reason to delay extending down. The attraction to 2032.50 can restart the decline, next targeting 2021.00-2022.00 and 2009.00.

Details and other markets coverage are discussed in the post-market Wrap recording here.

Monitor overnight Globex trading in the chaRTroom here.

Posted in Market Wrap, S&P