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

Pre-market Tour (recording & summary)

By Rod David | July 7, 2016 - 9:15 am

Reacting down from overnight highs at 2098.00 has now dipped a little back under yesterday’s highs, down to 2089.75. That’s the level whose recovery through another close has signaled the next higher objective at 2125.25.

But its recovery Friday didn’t prevent an interim pullback. Neither did its recovery yesterday.

Not gapping up this morning would suggest negative territory will be probed at some point today — especially if overnight highs were probed despite not gapping up. Gapping up above yesterday’s highs and extending quickly through overnight highs would be the most reliable bullish signal for today.

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

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