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

Pre-market Tour (recording & summary)

By Rod David | July 13, 2016 - 9:21 am

Like a formulaic battle movie, the cavalry has arrived at the last minute. Earlier peaking pessimistically short of touching yesterday’s 2149.25 high, now a 6-point surge from 2146.00 is testing 2152.00. A gap up is indicated, which once again is the only credible path to producing a durable rally this morning.

Of course, late sponsorship is not the most credible. I’ll give it a benefit of the doubt since we’re at day-11 of an up/down-crash setup that is vulnerable to upside capitulation. But I’ll also be sensitive to signs of failure — for the very same reason.

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

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