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

Pre-market Tour (recording & summary)

By Rod David | May 10, 2016 - 9:17 am

The pullback from 2069.25 fell to 2057.50. Reacting back up to 2063.00 is indicating a gap up, which is the first step to rallying this morning. The second step is to maintain the gap up above 1261.00 through the opening 15 minutes of volatility.

A credible rally should gain traction quickly, albeit not necessarily at a steep pace. Otherwise, rejecting the overnight rally has barely begun, and a credible decline would fall steeply back to overnight lows, and then lower.

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

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