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… Settling in. – If, Then… Market Timing

Post-open Review… Settling in.

By Rod David | December 24, 2015 - 10:43 am

Opening surge hits resistance, crawls back into its hole.

The pre-open pattern that I described during the Tour had formed a setup which could surge immediately. And it did, from 2053.75 to 2057.25.

Yesterday’s cash session close equates to 2057.00. Its obligatory resistance was enough to end the surge. Its reaction down fell back into the pre-open pattern’s range. And then through it to 2050.75.

Bouncing back up to 2054.75 was retraced to 2052.00. Probing beyond either end is possible, but not required. And trending is unlikely to begin this far past the open with an early close looming.

[NOTE: There is no Afternoon Bias.]

Posted in Post-open Review, S&P