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

Pre-market Tour (recording & summary)

By Rod David | December 31, 2015 - 9:21 am

The overnight Symmetrical Triangle has broken lower. Sharply lower. The 261.8% extension at 2045.50 is the break’s low.

Now the pattern may try conforming to its common resolution, namely –f breaking falsely in one direction, and then reversing more substantially in the opposite direction. This would require a reversal to be underway and obvious during the opening 15 minutes of volatility.

A retest the pre-open low isn’t necessary, but can be dismissed if only a blip-down and recovered early. Otherwise, extending down could test 2029.00 and potentially 2019.50 today.

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

Posted in Pre-market Tour, S&P