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

Post-market Wrap (recording & summary)

By Rod David | November 21, 2016 - 4:34 pm

The bearish WedEX didn’t invert, so the distributive influence that had triggered it last week was already absorbed. And not arbitrarily, Closing above the 2192.00 room for noise above 2185.00-2186.00 has signaled the rally is extending to 2220.00. “Unfinished business above” was left outstanding at 2199.50, and upside momentum won’t be threatened Tuesday without immediately breaking back under Friday’s 2187.50 prior high.

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