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
The drop following Europe”s opens – If, Then… Market Timing

The drop following Europe”s opens

By Rod David | June 1, 2015 - 9:22 am

The drop following Europe”s opens had bottomed in a Symmetrical Triangle. It was supported by this morning”s 2104.25 bias-down signal, and it had launched a failed surge to attack 2112. But rather than extend down, another surge attacked 2116. Now 2112 is trying to serve as support.

If the pre-open recovery attempt only trapped more longs, then the open shouldn”t delay extending down to 2106.50 and then through it. The upside potential is now 2118-2121. Details were discussed during the pre-market Tour, recorded here:

https://roddavid10.mitel-nhwc.com/join/wzcxtkh

Posted in S&P