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

Pre-market Tour (recording & summary)

By Rod David | November 6, 2015 - 9:18 am

And that’s why the reaction to news is allowed 90 seconds to work itself out… Payrolls was greeted at 2094.00 and the next two minutes ranged up to 2097.50 and down to 2082.00. Even that was didn’t include the next minute’s surge to a fresh high at 2099.00, or its reaction back down to 2091.00.

Coincidentally, recovering 2091.50 through the open would start to reflect the pre-open selling under 2088.00 may be isolated there. The consequence would be to retest yesterday’s 2103.00-2104.50 highs, if not also fresh highs for the week. But not recovering through the open would leave the balance of the morning under pressure, perhaps down to the 2070.00 area.

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

Posted in Pre-market Tour, S&P