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Pre-close view… Now, THAT’S a head fake. – If, Then… Market Timing

Pre-close view… Now, THAT’S a head fake.

By Rod David | September 3, 2015 - 3:40 pm

Bit intraday round-trip now just waiting for more news.

Wednesday”s pre-open rally had been retraced essentially back to unchanged. So was this morning”s — at least, back to its overnight lows. But there”s no requirement to trend any further today.

Knowing tomorrow”s Employment Situation report is just ahead, this afternoon had formed a trading range. A pretty wide ranging 1945.00-1957.00 range, but a range nonetheless.

Now this late, that range is finally breaking lower to 1942.00. Sellers almost gained traction for their efforts, but there is no bottoming pattern.

Posted in Pre-close View, S&P