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

Pre-market Tour (recording & summary)

By Rod David | February 5, 2016 - 9:16 am

The Employment Situation report’s reaction spiked down to fresh lows testing 1896.00. Ranging off of there has repeatedly overlapped yesterday afternoon’s 1898.00 low.

Whether or not a fresh low tests the 1894.25 bias-down target, exiting the opening 15 minutes in rally mode would help prove that sellers aren’t strong-handed. Price shouldn’t wait too long before gravitating higher.

Opening optimistically can’t afford to wait before extending higher — like, already bouncing up to 1908.00-1910.00 — because even weak-handed sellers have been absorbing bounces.

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

Posted in Pre-market Tour, S&P