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

Pre-market Tour (recording & summary)

By Rod David | January 28, 2016 - 9:18 am

The overnight rally to 1896.00 had been retraced back down through 1887.50 and 1882.00 to 1873.00. Threatening to resume yesterday afternoon’s drop was countered by RSIs diverging positively. And now another bounce to 1882.00 has recovered to attack 1896.00 again.

The upside potential includes fresh highs testing 1913.00. I’ll only consider buy signals until some other setup were to suggest that 1892.00 and 1887.50 won’t hold as support. The consequence to failing this second recovery attempt would likely probe fresh lows down to 1859.50.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Posted in Pre-market Tour, S&P