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Favorable reactions to this morning”s – If, Then… Market Timing

Favorable reactions to this morning”s

By Rod David | June 11, 2015 - 9:23 am

Favorable reactions to this morning”s trio of 8:30 econ reports has pushed S&Ps above 2100 to 2102.75. That”s yesterday”s spike high, which held overnight. And it”s testing 2101.50, which must now be exceeded through 9:45 to make the 2098.75 bias-up signal any likelier to trigger at 10:15 — by the same token, having touched 2101.50, not exceeding it through 9:45 would make bias-up unlikely to trigger, putting into play a test of the bias-down signal… which could still trigger by 10:15. So, rallying this morning depends on much more than just gapping up. Here”s the pre-market Tour recording with more detail:
https://roddavid10.mitel-nhwc.com/join/jrtmkyz

Posted in S&P