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

Pre-market Tour (recording & summary)

By Rod David | October 22, 2015 - 9:20 am

Hovering just under 2016.75 suddenly surged to 2023.50 during Mario Draghi’s press conference. That attacked yesterday afternoon’s 2024.25 highs, whose immediate recovery could have marginalized sellers. But the threat came too early to be maintained. Besides, Mario was still talking, allowing a 61.8% reaction down to 2018.00.

But that’s natural support, and Mario is still talking, allowing a recovery to 2023.00. Is a gap up above yesterday afternoon’s 2024.25 highs possible, after all? That won’t be relevant if the opening 15 minutes doesn’t touch 2024.25. But if it is tested, then recovering it or not through the open could be very predictive.

Details and other markets coverage are discussed in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/rkbykck

Posted in Pre-market Tour, S&P