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

Post-market Wrap (recording & summary)

By Rod David | November 22, 2016 - 4:25 pm

The afternoon’s recovery extended to fresh post-open highs that touched this morning’s 2202.50 bias-up target. Its upside attraction is now neutralized, as is the 2200.00 opening gap up above all prior highs. Monday night’s 2203.00 “new Globex trend extreme” is outstanding, regardless of having been attacked to within 2-3 ticks. Also outstanding is the 2220.00 objective, which was put into play by closing above 2192.00 Monday.

None of which prevents a reaction down Wednesday, despite the likely and least likely windows all having passed as Thanksgiving’s seasonal bullishness arrives. Especially not when Wednesday’s econ calendar is extremely busy, with high-profile and reliably influential reports, including the afternoon’s FOMC Minutes.

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