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

Pre-market Tour (recording & summary)

By Rod David | July 11, 2016 - 9:15 am

Choppy ranging around Friday’s 2125.50 high has twice tested this morning’s 2124.00 bias-down signal as support. Its reactions have repeatedly attacked the 2129.75 bias-up target to within 3 ticks. Coiling just under it ahead of the open suggests it will almost literally explode higher.

Like the overnight spike up to 2133.00, exploding higher still wouldn’t ensure trending up this morning — not without at least maintaining above Friday’s high through the open. Reversing back into negative territory could begin backing-and-filling into the afternoon.

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

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