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Several hours of ranging sideways – If, Then… Market Timing

Several hours of ranging sideways

By Rod David | May 6, 2015 - 9:17 am

Several hours of ranging sideways around this morning”s 2089.75 bias-up signal don”t make it any likelier to trigger at 10:15. Exceeding yesterday afternoon”s 2090.75 high would make bias-up likelier, but still not as assured as actually triggering it 30 minutes later. Exiting the open above 2092.75-2093.50 would be optimal. And, still, the decline from Monday”s high would not yet be reversed.

Graphic details are in this morning”s pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/fbfkyfx

Posted in S&P