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

Post-market Wrap (recording & summary)

By Rod David | April 19, 2016 - 4:20 pm

Ranging sideways through Tuesday afternoon was biased-upward, probing higher gradually higher and not reacting down from relevant resistance. The minimum objective at 2085.25 was touched, and responded to, but not actually rejected.

It’s not upside traction — regardless of exiting the bias environment above the noon hour high. But nothing about it was distributive, so gapping up Wednesday morning to extend higher is possible. Recovering a pullback would be possible, too.

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, members-only, S&P