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Pre-close view…Making lemonade. – If, Then… Market Timing

Pre-close view…Making lemonade.

By Rod David | July 17, 2015 - 3:18 pm

Retesting the post-open high.

The opening 15 minutes” downtrend may have been correct to reflect a lack of buyers. But not probing a relevant support also correctly reflected that sellers were lacking, too.

And not extending down left an environment that could respond to the bullish WedEX. So, the a 4-piont surge greeted the bias environment starting to lapse.

This being expiration, trending through the close is likely, if trending is already underway. Trending up can more difficult than down, but less so when so many opportunities to trend down have not extended.

Posted in Pre-close View, S&P