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

Post-market Wrap (recording & summary)

By Rod David | August 4, 2016 - 4:14 pm

Thursday’s gap up above Wednesday’s tractionless rally enabled the rally to probe higher without bearish consequence. And there wasn’t much consequence to probing higher, as an 8-point reaction down was recovered entirely. But the recovery wasn’t exploited, as anxiousness ahead of Friday’s Employment Situation report restrained trending attempts.

The payrolls report is being greeted from 2158.00-2159.00 without any traction either way. So, maintaining a gap open Friday beyond either end of its 2154.00-2164.00 range would be likely to trend in that direction. If down, then unfinished business below would be in-play at 2150.50 and 2141.50. Any rally would be likely to extend to retest Sunday night’s 2177.75 “new Globex trend extreme.”

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