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

Post-market Wrap (recording & summary)

By Rod David | February 11, 2016 - 6:15 pm

Thursday’s last surge probed the morning’s high, with the road wide open for almost doubling the 27-point surge that had preceded it. But the 1834.50 resistance wielded more influence than anticipated.

And that’s interesting. Because that’s pessimism. Still pessimistic while probing the morning’s high, even after extending the 27-point surge that had stopped pessimistically short of touching the morning’s high.

Sellers remain in control, but that can be negated by gapping up. Absent gapping up, the pattern remains vulnerable to trending back down.

Details and other markets coverage are discussed in the post-market Wrap recording here.

Overnight Globex trading in the chaRTroom here.

Posted in Market Wrap, S&P