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Pre-close View… Too much, too late? – If, Then… Market Timing

Pre-close View… Too much, too late?

By Rod David | January 15, 2016 - 3:20 pm

Final hour’s entry was almost grudging

Exiting the final hour above 1868.00 would have been bullish. Actually, when the bias environment exit was complete upon entering the final hour, 1868 WAS recovered. And it did follow-through, attacking the morning’s 1881 high.


But being late, and then being aggressive, makes the probe of fresh highs suspicious.


Extending higher gets a benefit of the doubt. But back under 1868 could extend down instead. Sharply, and through the close.


NOTE: THERE IS NO MARKET WRAP TODAY. MONDAY MORNING I’LL ANNOUNCE A SPECIAL SESSION FOR MONDAY EVENING.

Posted in Pre-close View, S&P