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SPECIAL OVERNIGHT UPDATE; You”ll never – If, Then… Market Timing

SPECIAL OVERNIGHT UPDATE; You”ll never

By Rod David | July 9, 2015 - 11:52 pm

SPECIAL OVERNIGHT UPDATE;
You”ll never guess what followed that last-minute 10-point plunge into Thursday”s close. Greece made a proposal that seems to have moved much closer to offers previously made to her. Plunging from 2049.50 to 2039.50 through Thursday”s close was nothing, compared to Globex gapping up to 2045. And that has extended to test 2063. Any higher would target 2070 so long as 2059 holds as support.

So far, the price action indicates an inside day. Filling the gap back to yesterday”s close would become unfinished business below. Europe”s opens are four hours away, and the fallout could be dramatic if the enthusiasm were to be tempered. Otherwise, gapping up enough could produce the session-long rally that Thursday”s open had tried to be.

Once again, here are the overnight chaRTroom links:
XP-Friendly: https://www.anymeeting.com/012-937-391
xp UN-friendly: https://roddavid10.mitel-nhwc.com/join/shkphyy

Posted in S&P