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

Pre-market Tour (recording & summary)

By Rod David | December 14, 2015 - 9:24 am

The overnight rally through Friday afternoon’s 2015.25 high had been rejected by a plunge attacking the 1990.25 bias-down target to within 1 point. Now that is reacting back up sharply to within 1-1/2 points of the 2009.50 bias-up signal.

Did the overnight drop accomplish what Friday’s post-close drop tried, which was to prove sponsorship for extending down didn’t exit? Or, is this pre-open bounce as premature as the overnight rally, and about to suffer the same consequence?

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

Posted in Pre-market Tour, S&P