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

Post-market Wrap (recording & summary)

By Rod David | October 19, 2015 - 4:31 pm

Fresh session highs were supposed to be the consequence of not extending Monday afternoon’s dip below the morning’s lows. The cash session close did make that happen, barely, piercing the morning’s high by just 1 tick up to 2027.00.

Still, yet another intraday swing was overlapping 2019.50, instead of rejecting its resistance or breaking through it. ts room for noise up to 2031.75 should be tested just by formality.

With or without first probing fresh highs, falling at only a gradual slope wouldn’t be credible for extending down durably. But probing higher aggressively and avoiding a quick rejection would next target 2055.00.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/mjzrzxs

This evening, monitor overnight Globex trading in the chaRTroom at:
   non-xp ilinc

Posted in Market Wrap, S&P