Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-market Wrap (recording & summary) – If, Then… Market Timing

Post-market Wrap (recording & summary)

By Rod David | November 2, 2016 - 4:29 pm

The ongoing series of lower intraday lows persisted Wednesday, with yet another lower close, as well. Keeping the decline intact had been maintained by oversold RSIs at Tuesday’s 2091.00 low. Oversold RSIs accompanied  Wednesday’s 2087.75 low — which formed when retesting Tuesday’s low and fulfilling Wednesday’s 2088.00 bias-down target. It’s a circle of life that keeps the decline intact.

And the decline is targeting 2082.00 with room down to 2077.50. Testing the lower target(s) Thursday before Friday’s payrolls would allow a reaction up to greet the report in a position of strength. Not yet resolving the lower attraction could force a resolution down. The most bullish scenario might be to gap up Thursday and ignore the lower attractions altogether.

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