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

Pre-market Tour (recording & summary)

By Rod David | November 9, 2016 - 9:27 am

Expectations for repeating the post-Brexit rally have resurrected the excessive optimism that killed yesterday’s rally. The overnight recovery has extended to fresh highs testing 2116.00. Extending higher this morning would target “higher prior lows” at 2134.50, and then potentially retest the 2152.50 overnight high. Otherwise, exiting the open above 2104.50-2106.50 would still be bullish, but now that bullish scenario has become more difficult. Under 2097.50 would target 2091.00, and potentially 2077.50.

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

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