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Pre-close view… 9 of 10 actuarials say, up more. – If, Then… Market Timing

Pre-close view… 9 of 10 actuarials say, up more.

Pullback limit violated, finally, but not reversed down.

What”s the opposite of up? It”s “not up.” 

The knee-jerk answer is “down.” That would be the opposite direction of up. Not trending up doesn”t necessarily default to trending down.

And finally violating the 10th pullback limit test, i.e. trading deeper than its first 3 minutes, doesn”t equate to a sell signal. It only means the upward momentum has lapsed.

Downward momentum can still catch, and it”s trying — probing a fresh afternoon low down to 2075.75.

But back above 2078.50 would be likely to extend steeply and substantially into the close. Having rallied through each prior timing window, the final timing window becomes likelier to also probe a fresh high, or at least less likely to trend back down.