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

Pre-market Tour (recording & summary)

By Rod David | August 18, 2016 - 9:16 am

Reacting down from the 2182.75 overnight high has extended through last night’s initial 2178.75 low, to fresh lows attacking 2176.00. With yesterday afternoon’s rally not gaining traction, not gapping up would be unlikely to rally this morning. But without a particular attraction in-play below, dipping further need not be aggressive. So, I’d rather short strength at 2180.00-2181.25 than weakness. By the same token, I wouldn’t want to be short much above 2181.25 as a failed rally effort would still be possible.

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

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