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

Pre-market Tour (recording & summary)

By Rod David | December 1, 2016 - 9:18 am

Backing off ANOTHER brink? Consolidating at 2195.00 support for 6 hours didn’t break lower, but higher, back up to 2203.00. That’s within 3 of where yesterday’s session greeted its final 3 minutes, which then suddenly plunged to fresh session lows. So, it is resistance. Probing any higher would likely test this morning’s 2206.50 bias-up signal. Not gapping down re-opens the door to one of the two setups that could — yet again — rescue the rally from being on the brink of a pullback targeting 2187.50. That setup would still require isolating a probe of fresh lows. More likely, the recovery’s challenge will be either to trigger bias-up.

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

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