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 6170
Post-open Review… Sellers seeing red. – If, Then… Market Timing

Post-open Review… Sellers seeing red.

By Rod David | October 5, 2015 - 10:27 am

Post-open action is all about extending the rally.

Opening at 1956.00 didn’t even hint at reversing down. And soon the hours-long consolidation was breaking higher to eventually attack 1967.00. Its reaction to news dipped down momentarily to 1962.00, and now fresh highs are testing 1968.00.

Any reaction down this morning is likely only temporary. That said, back under 1963.75 would target 1956.00. It would be easier to recover so long as its origin isn’t within view of the bias environment starting to lapse

CAVEAT: There has yet to be a close above the rally’s 1960.00 objective. And this morning’s complex uptrending will have fulfilled most requirements of Friday’s buyers having gained traction. So, delaying a break lower until this afternoon could be much more productive.

Posted in Post-open Review, S&P