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

Pre-market Tour (recording & summary)

By Rod David | April 20, 2016 - 9:16 am

A lot of energy was expended in recovering the overnight dip high enough to indicate gapping up at the open. Yesterday morning’s high was only pierced, which exhibits a little pessimism, which is potentially bullish from a contrarian perspective. Stopping pessimistically short of touching the outstanding “new Globex trend extreme” helps to preserve buying pressure, too. But now it is incumbent upon post-open sponsorship to resume the rally and extend it to fresh highs. Otherwise, this being the upper-end of the range and upside momentum failing, the morning would be vulnerable to trending back down.

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

Posted in members-only, Pre-market Tour, S&P