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

Post-market Wrap (recording & summary)

By Rod David | July 18, 2016 - 4:19 pm

The week got off to a fast start, gapping up from Friday’s post-close Turkey leg under 2152.00 and extending higher overnight to 2163.75.

The day got off to a slower start, detouring into negative territory at 2153.00 but only to test and hold support for a bounce up to 2162.00.

Then the day all but stopped, recovering from a relatively shallow noon hour dip back up to the morning’s 2162.00 high.

Buyers gained no traction for the effort, but left outstanding unfinished business above at 2163.75. Last week’s new Globex trend extreme at 2168,00 already requires an intraday retest. Only a significant gap down would break free from their attraction.

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