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

Pre-market Tour (recording & summary)

By Rod David | October 13, 2015 - 9:22 am

Last night’s slide had consolidated a couple of points either way around this morning’s 1999.50 bias-down target. That consolidation formed a Symmetrical Triangle, which broke higher to 2004.25. Being this morning’s bias-down signal it is also resistance. And its resistance pushed back into the triangle.

Being a Symmetrical Triangle, its initial break is often false, reversing more substantially in the opposite direction. The open is fast-approaching, so that overnight influence might not persist into the cash session. If it does, then the renewed bias-down target is 1994.00. Quickly rejecting the overnight slide could quickly rally back into positive territory.

Details and other markets coverage are discussed in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/kfykwfk

Posted in Pre-market Tour, S&P