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Trapping more shorts? – If, Then… Market Timing

Trapping more shorts?

By Rod David | February 9, 2015 - 3:22 pm

Extended drop is missing key windows.

The bias environment”s 2044.00 exit at 2:30 was under the noon hour”s 2046.25 low. The final hour”s 2042.00 entry narrowly avoided probing under the bias environment”s 2041.00 low.

Actually, the final hour”s entry narrowly DELAYED probing under the bias environment”s low. Fresh lows down to 2036.75 soon followed.

The next lower objective under the 2038.75 overnight low is 2032.00-2033.75. RSIs did just diverge positively, so back above 2041.00 would signal momentum reversing up already.

Posted in S&P