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

Post-market Wrap (recording & summary)

By Rod David | September 15, 2016 - 5:22 pm

Thursday’s session was greeted by three main influences. They are the 2134.00 dividing line that indicates whether sellers are retaking control, the 2095.00 retest of Sunday night’s low that was attempted Wednesday night, and the not-bullish WedEX that Thursday’s open failed to further define.

Each is described in detail during the post-market Wrap. Also discussed are two new elements. The first is overbought RSIs left outstanding at Thursday’s 2144.50 high. Retesting it could extend to “higher prior lows” from Monday afternoon at  2049.00, which itself could be probed up to 2050.50. Second is that Thursday’s rally gained no traction. Gapping up could compensate for that, which the unfinished business above at Thursday’s overbought RSIs could incite.

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