Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6170
Pre-holiday weekend, low participation, inside – If, Then… Market Timing

Pre-holiday weekend, low participation, inside

By Rod David | May 22, 2015 - 4:36 pm

Pre-holiday weekend, low participation, inside day… None of which prevented intraday trending. At least, legs that resembled trending. Friday”s intraday trends have no implications, they did not form a pattern. But bouncing aggressively from one end of the range to the other is a continuation of what I had highlighted about Thursday — this market has no shortage of sentiment, and lacks only participation.

Friday created an objective above at 2133, which became unfinished business. It”s the product of a low-volume environment, so it”s likelier to be met amid less liquidity, or else at the start of volume expansion. Testing it Sunday night or Monday morning would be likeliest. Not yet testing 2133 above wouldn”t make plunging under 2115 any less credible in case of a news event.

This being a holiday weekend, there is no Saturday Review. Globex re-opens Sunday night and trades through 1:00pm ET Monday. The chaRTroom will be open (I”ll send its links that day). Meanwhile, here”s the link to Friday”s post-market Wrap, have a great weekend!
https://roddavid10.mitel-nhwc.com/join/xmjxvmv

Posted in S&P