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

Post-market Wrap (recording & summary)

By Rod David | October 12, 2015 - 4:43 pm

Trending on Monday faced the large hurdle of a closed bond market. Historically, that inhibits risk hedging, which inhibits participation, which inhibits trending. Monday’s session ranged almost as narrowly as Saturday and Sunday.

The final hour tends to leave that behind and look forward to the oncoming influences. Monday’s final hour did probe fresh afternoon highs above 2007.50 to 2010.00,  but post-close action has really come alive to probe 3 ticks above its 2012.50 overnight high.

Breaking higher during Monday’s final hour would have given away its weak-handed sponsorship. Even this post-close surge is vulnerable to reversing since it seems to be in reaction to a Fed speaker. But probing higher Tuesday has no reason not to test the outstanding 2019.50 objective before reversing down.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/vsxhpkt

This evening, monitor overnight Globex trading in the chaRTroom at:
 XP-Friendly   ||   non-xp ilinc

Posted in Market Wrap, S&P