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

Post-market Wrap (recording & summary)

By Rod David | December 9, 2016 - 6:07 pm

A new trend extreme close on Friday, and you know what that means… 1. At least one higher close is expected, eventually if not already on Monday. 2. So, not closing higher Monday would tell us the reaction down is only a temporary correction.

Closing higher Monday would render this contextual information useless. But immediately beginning a pullback — which could last several days — would give us confidence in expecting it to be temporary, and in looking for its complete recovery.

There are other interesting factors to last week’s rally. We’ll discuss them during this weekend’s Saturday Review. I’ll send out a reminder overnight. Meanwhile…

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