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

Pre-market Tour (recording & summary)

By Rod David | October 12, 2016 - 9:15 am

The reaction down from touching the 2140.75 bias-up target had bounced off of testing 2130.00-2131.00. Its failure resolved in fresh lows coming within 3 ticks of this morning’s 2126.50 bias-down signal. Bouncing again is now probing back above 2130.00-2131.00.

Being yesterday’s cash session close, and today’s volume being slower for the Yom Kippur holiday, trending away from 2130.00-2131.00 will be difficult. More difficult if opening there. Trending attempts are no less likely, but less reliable for extending.

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

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