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

Pre-market Tour (recording & summary)

By Rod David | May 9, 2016 - 9:16 am

The overnight recovery’s test of 2059.50 wasn’t rejected immediately. It served for several hours as resistance to a consolidation supported by 2057.00. But it didn’t break higher to serve by proxy as reversing the 2-1/2 week old decline. Rather, a reaction down just attacked 2051.00.

Opening above 2056.00-2057.00 and quickly extending higher could still be credible for extending Friday’s rally. Otherwise, backing-and-filling could test 2041.00 just as noise.

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

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