Thursday”s post-market Wrap was sort
Thursday”s post-market Wrap was sort of an abbreviated Bigger Picture, so be sure to watch it if you didn”t attend. The elaboration was due to Thursday”s new high close — albeit not an intraday high — and the bullish WedEX that forecasts extending higher into and out of the weekend. It”s not “unfinished business above,” but there isn”t any other.
Besides triggering late, WedEX”s influence doesn”t start until Friday afternoon, which could be greeted from a morning slide. Or, it could be greeted from a morning rally. Thursday afternoon”s 2117.75 bias-up target was met too late to attract counter-trend sponsorship, which is a tactic that rallies often employ to maintain momentum. An interim dip under 2114.25 would target 2111.75, and potentially 2106.25.
Will the next higher target at 2128 be met tomorrow? Monday? Before a big drop? Ever? Here”s the post-market Wrap recording for more detail:
https://roddavid10.mitel-nhwc.com/join/rkrfbzv
I”ll post new links overnight to view the chaRTroom. Currently, they”re :
Win – XP friendly: http://anymeeting.com/164-025-052
non-xp ilinc-Mitel: https://roddavid10.mitel-nhwc.com/join/bfyyts
