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Pre-close View… Proper context. – If, Then… Market Timing

Pre-close View… Proper context.

By Rod David | February 24, 2016 - 3:16 pm

es_022416_pmEntering the final hour at session highs.

The recovery has extended to test yesterday morning’s 1919.00 low as resistance up to 1921.00. Now that’s being probed up to 1923.00.

Just closing above 1914.00 suggests that the interim selling was absorbed, in-line with the drop being only a temporary correction. Traction would be gained by trending up through the 3:10-3:20 timing window (which just opened), combined with having exited the bias environment above the noon hour’s high.

Occasionally, that traction is rewarded before the close. So, potential remains alive for trending up even more substantially today.

Posted in Pre-close View, S&P