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

Post-market Wrap (recording & summary)

By Rod David | June 17, 2016 - 4:57 pm

Was the bearish WedEX influential Friday? The afternoon trended up 10 points in a series of higher highs and higher lows. Trending down 6 points through the final hour still held up above the prior low.

Other than ranging exclusively in negative territory, there was nothing overtly bearish. Not until AFTER the close, which relentlessly ticked down 5 points. I can’t say it’s not optimal confirmation since being post-close is purely a reflection of expiration. But it’s certainly not holistic since the afternoon trended up.

Being a Friday, let alone expiration, the inside day and buyers gaining traction are much less relevant than any other day, if at all. So, trending down sharply Monday (even if gapping up sharply) still remains a possibility.

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

This weekend’s Saturday Review begins at 9:30am ET in the chaRTroom. Links will be emailed overnight.

Posted in Market Wrap, members-only, S&P