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Rallying through Thursday morning recovered – If, Then… Market Timing

Rallying through Thursday morning recovered

By Rod David | May 21, 2015 - 5:20 pm

Rallying through Thursday morning recovered the overnight drop, and then some. The pre-holiday ceiling put an end to that. The balance of the session ranged choppily around 2128-2130.25. Reacting down repeatedly from resistance was more brief than shallow — this market does not lack sentiment, only participation which would enable it to fully express that sentiment.

Meanwhile, keep in mind that the lack of participation allows trending to cut either way. Resistance has been chipped away as much, if not more so, than support. And no matter how difficult it may be to start trending on Fridays, ending it is as difficult, as is reversing the trend”s direction.

Here”s the recording of Thursday”s post-market Wrap:
https://roddavid10.mitel-nhwc.com/join/tybkpjz

And here”s a link to Adobe Connect to monitor the market overnight. Please let me know if you encounter any issues, and any other observations, but I found it to be very easily loaded and stable:
https://meet29978259.adobeconnect.com/chaRTroom-test/
[The ilinc/Mitel option will not be available until tomorrow morning]

Posted in S&P