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

Post-market Wrap (recording & summary)

By Rod David | August 10, 2016 - 4:29 pm

Wednesday trended down the 2179.00 open’s gap up to the afternoon bias environment’s 2168.00 exit.

Although not required to extend down deeper Thursday, it’s possible. Unfinished business below at 2171.00 was neutralized and held as support through the close, a not-so-nearby objective outstanding below is 2160.00. And although not required to recover, let alone to recover first, an equidistant not-so-nearby objective outstanding above is 2185.50.

Meanwhile, a topping pattern continues to develop. Not already trending down at Thursday’s open would make another high likely. Already trending down at Thursday’s open could be starting the next downleg.

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