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

Post-market Wrap (recording & summary)

By Rod David | December 1, 2016 - 4:31 pm

Meeting the 2187.50 target put an end to the day’s decline. The afternoon bias environment only ranged sideways back up to 2192.00. A probe of fresh lows down to 2186.00 was isolated to the final hour. That’s similar to Wednesday’s proxy window dip, and to Thursday morning’s bias environment probe. None of which reverses momentum up, but does suggest the decline’s sponsorship is weak-handed and temporary.

Extending down any deeper would next target “lower prior highs” at 2181.00. There is no pre-qualified setup for reversing momentum up Friday, but any recovery should begin by gapping up. And not by a little.

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