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An ascending triangle had formed – If, Then… Market Timing

An ascending triangle had formed

By Rod David | June 16, 2015 - 9:22 am

An ascending triangle had formed while attacking Monday”s 2071.25 opening print. Its break higher blipped-up to attack 2073, and then blapped-down to 2067.50. But the past hour has ranged narrowly around 2071.25.

So, gapping down under 2068 isn”t being threatened, but can become a threat if tested quickly. Otherwise, rallying out of the open would be credible for extending back to/through yesterday”s 2078.25 highs.

Here”s the pre-market Tour recording for more detail:
https://roddavid10.mitel-nhwc.com/join/rkrktzc

Posted in S&P