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

Pre-market Tour (recording & summary)

By Rod David | August 10, 2016 - 9:19 am | 1

The open is being greeted with restrained optimism. The 2181.50 high’s reaction down had been recovered almost entirely. Now its reaction down has been recovered almost entirely, too. The particular points of hesitation reflect a degree of pessimism that is potentially bullish from a contrarian perspective. So, trending up to test 2185.50 can start developing quickly post-open. So much so, that NOT trending up quickly post-open could become bullish quickly, too.

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

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

1 Comment

  1. Steve Marriott on August 10, 2016 - 10:29 am at 10:29 am

    If bulls bide their time until this afternoon (or at least until the morning bias environment lapses), does the upside stand a better chance of continuing? Such a scenario would likely result in a new trend high close (above Friday’s close), but it would seem that satisfying that requirement would neutralize a need for further upside and actually be an argument favoring bears.