Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-market Wrap (recording & summary) – If, Then… Market Timing

Post-market Wrap (recording & summary)

By Rod David | June 30, 2016 - 4:38 pm

Recall from last weekend’s Saturday Review that there is no bearish reason to revisit last Thursday’s 2089.75 lower-end. That’s not the actual session low, but it is the relevant support being tested at the time.

Now this Thursday’s bias environment exit has stopped pessimistically short of touching 2089.75. Only by 1 point, 2-3 times. A last-minute 3-point spike up  did probe it, but nothing that originates within 3 minutes of the cash session close is relevant.

Actually touching 2089.75 would all but ensure probing above last Thursday’s highs, probably up to 2125.25. Possible paths and possible consequences were discussed during an extended post-market Wrap.

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