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Plus ca change… Remember that – If, Then… Market Timing

Plus ca change… Remember that

By Rod David | May 19, 2015 - 9:19 am

Plus ca change… Remember that overnight surge which tested the target”s 2133 upper-end? It has now been retraced back down to 2127.25, which is this morning”s bias-up signal. It is support from above, but resistance from below. So, holding it or not through a relevant timing window could be predictive of the balance of the morning, if not of the session. Retesting or attacking the overnight high this morning remains likely, but that depends on post-open action almost immediately ignoring this pre-open dip. Extending it still could be recovered, but that”s more problematic. Details were discussed in the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/tybkspt

Posted in S&P