Sunday evening session, futures had a gap up and have held strong so far.
Headline, courtesy of marketwatch.com, reads this
This is the URL to the article
This, so far, overnight, has been the knee-jerk reaction that I have been mentioning and expecting. If it holds, the current mid-term uptrend can gather energy and try to resume. If it fails, it may get really scary, at least in the short term, in the equity market.
A knee-jerk reaction here can involve a good dose of squeezing the late, news-drive shorts. Question is whether bulls can carry after that has settled?
Friday’s low is a must hold. That said, a steady hold of 1290 area can be a sign of strength
More important is to get the swing and short-term uptrend as I discussed on weekend’s post
The rest of this report is reserved for subscribers of Market Time Premium
For full regular market analysis, subscribe to premium content at
Market Time Premium
Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. All information included in Market Time Premium reflects ongoing thoughts of Market Time authors about market-related issues, and is prepared for educational purposes, and is presented as authors’ observations, and is not a solicitation, or an offer to buy or sell any security or use any particular system. Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. Market Time Premium, its author(s), and its affiliates do not represent themselves as acting in the position of an investment adviser or investment manager. Market Time Premium, its author(s), and its affiliates shall not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. From time to time, Market Time Premium, its author(s), and its affiliates may hold positions in securities mentioned, but are under no obligation to either divulge or hold such positions.