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Pre-market Tour (recording & summary) – If, Then… Market Timing

Pre-market Tour (recording & summary)

By Rod David | March 4, 2016 - 9:18 am

Already attacking fresh highs up to 1996.00 ahead of the Employment Situation report then surged on the news. This morning’s 2001.00 bias-up target was probed by 5 ticks before reacting down sharply. And then reacting down considerably. Yesterday’s 1991.00 close was probed by 3 points down to 1988.00.

Now this morning’s 1993.75 bias-up signal is being tested again pre-open. Its resistance could launch a fresh low down to 1986.00 where not recovering would mean trending straight down through the noon hour.

Otherwise, the 1993.75 bias-up signal could be probed, or even triggered, but still not assure trending up any more than is necessary to correct or retest the pre-open highs.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Posted in Pre-market Tour, S&P