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

Pre-market Tour (recording & summary)

By Rod David | December 22, 2015 - 9:24 am

The recovery from 2007.00 probed gradually higher to form a Rising Wedge up to 2021.00. Having been entered aggressively, its exit should be aggressive, too. Which makes early strength credible for extending higher.

Right? Yes, it would have.

But rather than wait for the open, the pattern is already breaking higher pre-open. It just touched 2024.00. Immediate strength still would be credible to extend higher, but now that’s more difficult to do. And back under the 2019.00 area would start pointing down.

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

Posted in Pre-market Tour, S&P