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

Post-market Wrap (recording & summary)

By Rod David | December 23, 2015 - 4:27 pm

Wednesday’s late dip stopped within 1 point of its 2051.25 potential. The reaction recovered all but 1 tick back to the 2057.75 high. The high wasn’t touched, leaving outstanding the overbought RSIs there requiring a retest.

The RSIs retest is likely since sellers expended energy without gaining traction. That’s due to a post-close reaction down that came within 1 tick of fulfilling the 2051.25 potential. Also, buyers gained traction for their efforts (I’m giving them a benefit of the doubt on the bias environment exit and final hour entry trending up.)

Gapping down Thursday under Wednesday afternoon’s 2048.00 low could form a “session-long decline” setup. But Thursday being a half-session can also be a wild card with the most reliable of setups.

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

This evening, monitor overnight Globex trading in the chaRTroom at:
non-xp ilinc

Posted in Market Wrap, S&P