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Pre-close View… Detour, or die. – If, Then… Market Timing

Pre-close View… Detour, or die.

Overnight low’s retest is trying to hold.

The 1893.50 overnight low was retested all the way down to… 1982.50. Not quite the potential to 1881.00 of the pattern I’ve been tracking.

Nevertheless, its reaction just touched 1910.00. That tests the resistance of higher prior lows around 1906.00, and their prior high. Any higher upon entering the final hour could trigger a short-squeeze.

If the resolution is to be bearish, and if the anti-optimism conditioning classes have finally matriculated their last student, then 1910.00 will hold. More so, back under 1903.50 and 1899.00 will gather pace at a steeper slope as the decline announces it remains alive and very well.

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1 Comment

  1. Nic Clive on January 11, 2016 - 3:03 pm at 3:03 pm

    they say never get married to a trade but i think you are in danger of being married to 1981-85 – i think you mean 1892,5