Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Pre-market Tour (recording & summary) – If, Then… Market Timing

Pre-market Tour (recording & summary)

By Rod David | September 7, 2016 - 9:22 am

Overnight action is trying to represent complacency. It’s more likely anxiousness, between its fresh relative high and this afternoon’s Beige Book due. So, I’m not expecting a narrow intraday range.

The narrow overnight range had broken a little during Europe’s opens to pierce yesterday afternoon’s 2183.50 high, but that was recovered entirely up to 2186.25. Now it has broken a little lower down to 2181.25, under yesterday’s high.

Yesterday’s cash session close equates to 2185.50, and the gap back up to it will want to be filled. Filling it and then probing a fresh post-open low could serve to reverse momentum down. Sharply. Filling the gap and holding positive territory could instead rally for the morning.

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

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