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

Pre-market Tour (recording & summary)

By Rod David | December 27, 2016 - 9:13 am

Consolidating at the 2261.25 bias-up signal’s resistance has broken higher ahead of the open, now touching 2262.50. None of which changes that the bias-up signal doesn’t actually trigger until 10:15. None of which changes that the two prior opens rejected overnight higher highs. And none of which changes that last Wednesday’s “higher prior lows” can present resistance starting at 2263.00. Just maintaining the gap up could at least create an anchor to help absorb a morning dip. Otherwise, trending back down through the open would suggest another downdraft into tomorrow’s open.

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

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