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Pre-close view… On the launching pad. – If, Then… Market Timing

Pre-close view… On the launching pad.

By Rod David | August 14, 2015 - 3:03 pm

Greeting the last hour in position, but without requirement.

Today”s session was expected to range choppily sideways, if not also generally biased upward, at least into late-afternoon.

Late-afternoon has arrived.

The last 60-90 minutes are now free from any particular intraday influences that have inhibited trending. That doesn”t mean trending must being, only that it now may.

Trending up has been a likelier resolution than trending down, and that”s being suggested by having returned to the range”s ~2085.00 upper-end. But any trending attempt that doesn”t quickly extend sharply probably isn”t valid.

Meanwhile, dipping has room down to 2081.50 before suggesting something more substantial than a pullback is underway.

Posted in Pre-close View, S&P