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

Post-market Wrap (recording & summary)

By Rod David | June 29, 2016 - 4:42 pm

Wednesday’s rally came within 3 ticks of Friday morning’s post-open bounce high at 2064.75. Intraday patterns had independently targeted just 1 tick higher. The futures close probed  both up to 2067.25. That’s natural resistance.

That’s 85 points off of Monday morning (and afternoon) 1981.50 lows. It’s also a 61.8% retracement of the drop from Thursday’s 2019.50 post-close high. That’s natural resistance.

The rally is vulnerable to at least a corrective dip. Just add that vulnerability to the list of potentially bearish catalysts ignored this since Monday’s close.

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