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Probing 2093 momentarily down to – If, Then… Market Timing

Probing 2093 momentarily down to

By Rod David | August 18, 2015 - 9:24 am

Probing 2093 momentarily down to 2092.25 has reacted back up to greet the open around 2097.50. That”s still negative territory and not a gap up, making any rally effort this morning likely to fail. Similarly, being above yesterday afternoon”s 2096 low makes any sell-off likely to be recovered. So, opening within 2-3 points of yesterday”s 2099.25 close probably won”t offer any attractive immediate entry setups. More detail and other markets coverage is in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/shwyjjw

Posted in S&P