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

Pre-market Tour (recording & summary)

By Rod David | December 28, 2015 - 9:18 am

Overnight selling pressure has been extreme, as considered by two characteristics: Its decline has been relentless in only trending down, and its production has been substantial in already testing the 2041.50 bias-down target.

Exiting the weekend with extreme sentiment is often a sentiment extreme. There’s already a bounce from 2040.25 testing 2045.50. That might allow a post-open dip to retest the bias-down target before resuming the recovery, but it’s not necessary.

Extreme sentiment can extend post-open. Not holding the bias-down target would renew the bias-down signal, so be careful considering whether to buy a post-open dip that hasn’t yet started recovering.

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

Posted in Pre-market Tour, S&P