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

Pre-market Tour (recording & summary)

By Rod David | February 4, 2016 - 9:17 am

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The reaction down from 1922.25 overnight highs extended down to this morning’s 1908.00 bias-up signal. And through that to this morning’s 1898.50 bias-down signal, and through that to probe the 1891.50 bias-down target by 1 point.

A bounce is now testing the bias-down signal as resistance. Recovering it through 10:15 would be bullish, putting into play an offsetting test of at least the bias-up signal. Otherwise, the bias-down target might be the last line of defense for avoiding a retest of yesterday’s lows, targeting 1862.75.

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

Posted in Pre-market Tour, S&P