Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Pre-market Tour (recording & summary) – If, Then… Market Timing

Pre-market Tour (recording & summary)

By Rod David | June 20, 2016 - 9:21 am

The 2087.50 overnight high has not extended, but neither has it been rejected. The open is being greeted by strong overnight buying pressures.

That could be a problem for the rally, since relentless, single-minded overnight trending often reverses post-open. A last-minute dip to 2083.00 might allow at least a snap back up to 2088.00. But that’s not required before a bearish WedEX influence emerges.

Not already reversing down through the opening 15 minutes of volatility often extends the overnight trending intraday. But ranging narrowly is not likely.

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

Posted in Pre-market Tour, S&P