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

Pre-market Tour (recording & summary)

By Rod David | November 15, 2016 - 9:16 am

The reaction down from attacking 2170.00 overnight has now twice tested Friday afternoon’s 2162.00 high, and twice bounced out of it. The second bounce extended back above yesterday afternoon’s 2164.00 high to 2167.50. Now its reaction down is testing 2164.00 as support.

Maintaining a gap up above 2164.00 is the minimum requirement for immediately resuming yesterday afternoon’s rally. Preferably also extending quickly back above yesterday morning’s 2168.00 high. Otherwise, back under 2161.00-2162.00 would be vulnerable and increasingly likely to launch a deeper corrective dip.

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

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