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

Post-market Wrap (recording & summary)

By Rod David | June 28, 2016 - 5:18 pm

Tuesday’s intraday rally wasn’t single-minded, but it extended sharply higher anyway. Another similarity is that the overnight rally greeted Tuesday’s open back up at Monday’s open, which is natural resistance. Similarly, Tuesday’s intraday rally greeted the overnight session by filling the gap back up to Friday’s cash session close.

Slight differences, but still similar influences that enable a path to reversing down. More so now, Tuesday’s rally gained no traction for its effort, and “unfinished business below” was left outstanding at the gap back to Monday’s close.

One of those near-term potential bearish influences is distribution ahead of the three-day holiday weekend.That would seem to limit Wednesday’s upside, if not serve as a catalyst to trending back down.

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