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Pre-close View… Olympic homage. – If, Then… Market Timing

Pre-close View… Olympic homage.

By Rod David | August 22, 2016 - 3:23 pm

Record-setting laps.

Imagine today’s market to be an Olympic swimming pool. Now imagine today’s price action to be an event, like the 400m Medley.

The session has swum laps from side to side — some turns taking a little longer than others, but pretty quickly during each lap. The chart’s legs appears as alternating surges and collapses.

Almost each leg is shorter than the last. They’re converging at the 2180.00 area as the 3:10-3:20 proxy window elapses. The 3:37-3:52 position-squaring window follows closely behind it, and although no trending then is required, it would be credible for extending.

Posted in members-only, Pre-close View, S&P