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PRE-CLOSE Wrap (recording & summary) – If, Then… Market Timing

PRE-CLOSE Wrap (recording & summary)

By Rod David | March 4, 2016 - 3:17 pm

That’s right, PRE-market Wrap. We held it one hour early today as I am away from the screens for the final hour…

The morning’s 1993.75 bias-up signal had been probed during its no-bias environment, requiring a complete retracement. In the interim, the noon hour’s pattern had formed a reversal pattern that produces one last leg in the trend’s direction before failing. So, its test of 2007.50 was reversed back under a 2004.25 sell signal, and extended down relentlessly to 1990.75.

We’ll review that and more during this weekend’s Saturday Review — Its link will be emailed overnight.

Details and other markets coverage are discussed in the PRE-CLOSE Wrap recording here.

Posted in Market Wrap, S&P