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The bounce from 2053.75 has – If, Then… Market Timing

The bounce from 2053.75 has

By Rod David | August 12, 2015 - 9:21 am

The bounce from 2053.75 has extended just high enough to touch 2067.25. And reacting down on overbought RSIs has recovered to touch 2067.25 again. RSIs diverged negatively on the retest, triggering a deeper reaction down. It”s still within the realm of recovering 2067-2070 through the open, if the open gets on with it. But delaying a recover past the open would all but reject a recovery altogether, and simply target 2035. Details and other market coverage are discussed in the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/htpxjwb

Posted in S&P