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

Post-market Wrap (recording & summary)

By Rod David | October 23, 2015 - 4:23 pm

Closing above 2055.00 has now put into play 2088.00. Friday afternoon’s buyers gained traction by exiting the bias environment above the noon hour’s high, and by entering the final hour higher. And Thursday’s breakout above the multi-session trading range has now been confirmed by a second consecutive higher close – at least an eventual third higher close is required. None of which prevents an immediate pullback. They almost invite a pullback, to refuel the rally whose upside resolution is entrenched. Of course, gapping down enough could reject Friday’s gains altogether…

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

REMINDER: Saturday Review starts at 9:30am ET. I’ll send links in the morning.

Posted in Market Wrap, S&P