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

Pre-market Tour (recording & summary)

By Rod David | October 30, 2015 - 9:18 am

2088.00 is met. Probing above it overnight to 2094.75 has reacted down to 2083.50. A pre-open bounce tested 2088.00 as resistance. Tested, and retested it, while both 1-minute and 3-minute RSIs diverged negatively. The reaction down is testing 2084.25.

Quickly recovering through 2088.00 post-open could neutralize sellers, if that recovery wasn’t itself quickly rejected, duplicating the overnight pattern. But extending this pre-open dip any lower first would have limited time to recover, or else the morning could trend down relentlessly.

Details and other markets coverage are discussed in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/fbkjcyc

Posted in Pre-market Tour, S&P