Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6170
Remember that overnight rally attacking – If, Then… Market Timing

Remember that overnight rally attacking

By Rod David | August 10, 2015 - 9:18 am

Remember that overnight rally attacking 2081? And its complete recovery from a one-hour drop to 2074? Well, it extended even higher, even more aggressively, eventually touching 2089. If the bullish scenario requires maintaining a recovery above 2082.25, then this excess allows room to expend more selling pressure before it can break lower.

With one caveat… big resistance at 2088. It would be this morning”s renewed bias-up target if the 2082.25 bias-up target were exceeded through 10:15 to renew the bias-up signal. And it”s being tested by the weakest sponsorship, which is the overnight crowd that is looking for an exit.

We should know pretty quickly whether buyers are rejecting Friday”s probing under 2077, or if sellers have refueled to resume the downleg. Details and other markets coverage are in the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/cxsthkf

Posted in S&P