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Pre-close view… Teetering. – If, Then… Market Timing

Pre-close view… Teetering.

By Rod David | May 21, 2015 - 3:19 pm

Hovering comfortably at session highs… too comfortably?

A reaction down from testing 2130.25 resistance slid to 2125.75. And then it recovered completely. That was fast.

That was fast, shallow and temporary. All hallmarks of an environment that is lacking sponsorship.

That can cut either way, since resistance above the rally”s 2128.00 target is no less chipped away than support at 2125.25 down to 2122.50.

Posted in Pre-close View, S&P