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

Pre-market Tour (recording & summary)

By Rod David | October 19, 2016 - 9:18 am

From rags to riches? The overnight rally to 2135.50 had reversed down aggressively, plunging several points under yesterday’s lows down to 2126.50. All of which has been recovered, and then some, up to 2136.75. Greeting the open back in positive territory is already bullish, bullish enough that not reversing down immediately post-open could marginalize sellers for the day. But also extending immediately through yesterday afternoon’s 2138.00 high could form a “session-long rally” setup. If these elements can’t produce a rally, then a much bigger downleg would become likely.

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

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