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My pullback target is now – If, Then… Market Timing

My pullback target is now

By Rod David | April 29, 2015 - 9:22 am

My pullback target is now being tested by the extended reaction to this morning”s GDP miss. Without gapping up through 2114.75, doing by proxy what yesterday afternoon failed to do, the consequence for even the most bullish scenario was to test 2098. That”s this morning”s bias-down target, and it”s being probed down to 2095.25.

The 2090.00-2095.25 range just held a test yesterday. Retesting it this morning would not be bullish. But recovering from it immediately could be very bullish. Details were discussed during the pre-market Tour here:
https://roddavid10.mitel-nhwc.com/join/cxwszmw

Posted in S&P