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8:30”s econ report was greeted – If, Then… Market Timing

8:30”s econ report was greeted

By Rod David | May 22, 2015 - 9:18 am

8:30”s econ report was greeted by a bounce to 2129.50. The reaction”s plunge pierced the 2123.25 bias-down signal by an errant tick. Price has since ranged back up to 2125.25.

The catalyst is now history. Another econ report does come at 9:45. But the opening 15 minutes of volatility must already attract new sponsorship to the drop, or the drop will likelier recover.

Trending is difficult to start on Fridays, and then difficult to stop once stated. Here”s the pre-market Tour recording for more details:
https://roddavid10.mitel-nhwc.com/join/ypycfcx

Posted in S&P