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

Post-market Wrap (recording & summary)

By Rod David | April 26, 2016 - 4:21 pm

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Tuesday afternoon’s narrow ranging unfortunately fulfilled expectations that volatility would become inhibited ahead of AAPL’s post-close earnings. Fortunately, that range included session lows, which were retested by a blip-down. Its recovery back into the range nearly flat-lined around 2084.50 until a last-minute spike up at the close to 2089.00.

The spike up was literally last-minute, certainly too late to be predictive. Too late to trigger a signal like Monday afternoon’s rally had tried to announce, for extending higher overnight and through Tuesday’s open.

No traction was gained again Tuesday, once again requiring Wednesday’s open to gap if it intends to trend intraday. Even then, there is no trending to resume, so gapping must extend quickly to avoid reversing back into the range. Already having chipped away at resistance, gapping up to retest 2091.00 would be more reliable for extending higher. Otherwise, fresh lows would target 2067.00-2069.00.

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, members-only, S&P