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

Pre-market Tour (recording & summary)

By Rod David | February 12, 2016 - 9:21 am

The overnight recovery to 1847.50 reacted down to 1837.25. Surging in reaction to 8:30’s econ report probed a fresh high up to 1848.50, but only momentarily as another reaction down is testing this morning’s 1841.25 bias-up target as support.

Resuming the recovery into the open would be the most reliable among bullish setups at this stage of the pattern. Otherwise, just standing still would suggest that new buyers aren’t being attracted, only adding to impatience ahead of the impending 3-day holiday weekend illiquidity.

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

Posted in Pre-market Tour, S&P