Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-open Review… Sellers balk. – If, Then… Market Timing

Post-open Review… Sellers balk.

By Rod David | August 25, 2016 - 10:58 am

SPECIAL NOTE: I will be away from the screens on the afternoons of both Thursday and Friday, this week and next, Thank you for allowing me to be of personal assistance in a family matter.

Pre-open attacks on yesterday’s 2168.75 low had stopped optimistically short of touching it, suggesting it would at least be probed. Even that would not assure sustaining a break lower. So, the actual inflection point was calculated to be 1 point lower at 2167.75.

2167.75 was touched, but it did not break. Its touch inflected back up sharply to test the 2171.50 bias-down signal as resistance. It was recovered through 10:15 to trigger no-bias.

Actually, a very late blip-down touched 2171.50 within the 3-minute window around 10:15. The grace period held it, but it hasn’t yet been rewarded. Back under 2170.75 would undermine the no-bias signal. Otherwise, an offsetting test of the 2168.75 bias-up signal is in-play.

Posted in members-only, Post-open Review, S&P