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

Pre-market Tour (recording & summary)

By Rod David | October 21, 2016 - 9:16 am

An earlier 4-point bounce off of the 2128.75 low had been retraced entirely. A shallower bounce then also failed, forming a Descending Triangle. And the pattern has broken lower. Sharply lower. The pre-open dip sliced through yesterday’s 2126.75 low down to 2123.50.

If support at yesterday’s low isn’t going to contain the overnight selling, then “lower prior highs” at4 2121.25 from Monday’s close will be the next opportunity to immediately attract post-open buyers. Perhaps the last opportunity, prior to breaking lower and trending down through the day to probe under last week’s lows.

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

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