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

Post-market Wrap (recording & summary)

By Rod David | January 19, 2016 - 5:23 pm

Tuesday’s probe under 1865.00-1868.00 wasn’t recovered until after entering the final hour. That didn’t prevent bouncing further. In fact, that bounce extended to test 1881.00 resistance. But delaying the recovery did tell us that the bounce would be only temporary.

Closing above 1865.00-1868.00 did keep the door open to a bigger corrective bounce before resuming the decline. But not holding 1865.00-1868.00 through any relevant window would be expected at least to retest Friday’s 1849.50 low, if not also launch a new downleg.

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, S&P