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The bullish WedEX came through, – If, Then… Market Timing

The bullish WedEX came through,

By Rod David | July 17, 2015 - 4:55 pm

The bullish WedEX came through, preventing even a retest of the morning”s low. The last two hours trended up 6 points to 2120. That met the 2119.75 objective put into play by touching the morning”s 2112.75 bias-down signal.

Having been influential Friday afternoon, WedEX is likely to influence Monday morning, too. And having been only mildly influential — relative to the intraday range — WedEX”s influence Monday morning could be very aggressive.

Meanwhile, the setup trending relentlessly to new highs remains intact, with interesting pattern points being visited simultaneously by the Euro, Gold and the 30-year Treasury. Join us for Saturday Review at 9:30am ET to discuss the bigger picture”s expected price action character and targets:
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Meanwhile, here”s Friday”s post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/vsxwksb

Posted in S&P