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

Post-market Wrap (recording & summary)

By Rod David | October 20, 2016 - 4:30 pm

Absorbing drops is potentially accumulation. And accumulation is potential. It is stored energy, just waiting for its cap to be flipped and its carbonation to explode upward. The cap begins being flipped by probing prior highs. But Thursday’s pattern is of lower highs. Rising lows, too — which only increases the carbonated pressure.

The nearest attractions of “unfinished business” is above, at 2141.50 and 2145.50. There’s also a likelihood of extending to 2050.00. WedEX missed its chance to entrench that upside Wednesday, and only hovered under resistance. Pessimistically short of resistance, which is potentially bullish from a contrarian perspective. But irrelevant until next week if expiration doesn’t exploit it.

NOTE: THERE IS NO SATURDAY REVIEW THIS WEEKEND DUE TO TRAVEL. PLEASE REQUEST CHART ANALYSIS INTRADAY IN THE CHARTROOM.

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