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 | October 30, 2015 - 4:40 pm

Friday morning’s 2075.50 bias-down target had become “unfinished business below.” It was fulfilled going into the final hour, and held 1-2 more tests during the final hour. Then a last-minute plunge broke lower to 2070.00.

The last-minute plunge is not predictive, since it originated after coming to within 3 minutes of the cash session close (3:57 ET). The plunge was deep, but it was singular, and it was still overlapping 2075.50 instead of breaking it.

Retesting Thursday night’s 2094.75 high all but requires immediately rejecting Friday’s last-minute plunge Monday. Having fulfilled the rally’s 2088.00 objective without closing above it, probing above its resistance would be vulnerable to holding again. Not immediately rejecting Friday’s last-minute plunge could get November off to a rocky start.

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

I’ll send links to the Saturday Review, which begins at 9:30am ET.

Posted in Market Wrap, S&P