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

Pre-market Tour (recording & summary)

By Rod David | May 18, 2016 - 9:15 am

The choppy overnight range finally began breaking lower. Trending down for 90 minutes from its last touch of 2045.00 has just attacked 2035.00 to within 1 tick. This area is natural support, and the greater it is defended by buyers, the less buying pressure will be available to avoid triggering 2039.50 at 10:15. The only other bullish path for the morning could be to bounce sharply from testing the bias-down signal.

At the end of this morning’s pre-market Tour recording, I include observations of how the market may develop around the post-open reports: EIA Crude Oil at 10:30, and FOMC Minutes at 2:00.

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

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