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

Post-market Wrap (recording & summary)

By Rod David | May 19, 2016 - 5:13 pm

The optimism expressed by Thursday afternoon’s rally to 2036.25 was not a last gasp before sinking to fresh lows into the close. Not that 2036.25 was exceeded, not when it mattered — it equates to the cash session close.

So, the afternoon’s rally to 2036.25 may have been a last gasp before sinking to fresh lows. Just not into Thursday’s close. Probing a fresh low to the 2018.00 area remains likely. The bullish WedEX suggests it would be recovered into or out of the noon hour… assuming that the indicator doesn’t invert to bearish and target a probe under 2000.00.

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