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Reacting down nearly 7 points – If, Then… Market Timing

Reacting down nearly 7 points

By Rod David | June 22, 2015 - 9:20 am

Reacting down nearly 7 points from the 2118 overnight high reacted up once to 2115 before failing. Now a second low attacking 2110 has reacted up again, this time to test 2117. Gapping up above Friday afternoon”s 2109 high seems easy, so forming a “session-long rally” setup seems assured.

All but assured. Optimally, a post-open dip would hold 2114.50 before resuming the recovery through overnight highs Trending down through the open under 2112.25 would start to undermine the recovery”s potential. Here”s detail in the pre-market Tour:
https://roddavid10.mitel-nhwc.com/join/fbkzkss

Posted in S&P