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

Pre-market Tour (recording & summary)

By Rod David | May 6, 2016 - 9:14 am

This morning’s Employment Situation report was greeted from the decline’s 2039.00-2039.50 lows. Its knee-jerk reaction spiked down to 2033.00, a preliminary level for the open. A bounce to 2037.50 resolved down to within 2 ticks of the decline’s 2030.00 objective.

Now another bounce is attacking 2033.00 as support again. This morning can still trend in either direction. But post-open action should try replicating the pre-open selling to some degree.

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

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