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

Pre-market Tour (recording & summary)

By Rod David | December 15, 2015 - 9:20 am

The overnight rally to 2027.00 reacted to the 8:30 econ reports by surging to 2033.25. That fully tests the 2032.00-2033.00 resistance that lies along the path to testing 2040.00.

A corrective dip could end as shallowly as 2026.00, or test 2024.00. I would consider selling a post-open test of 2032.00-2033.00 that is signaling failure, or else not without breaking under 2022.50. Dipping deeply enough pre-open could accelerate the rally’s resumption, but the only other credible rally would barely look back down while surging post-open.

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

Posted in Pre-market Tour, S&P