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The overnight bounce to 2104 – If, Then… Market Timing

The overnight bounce to 2104

By Rod David | July 24, 2015 - 9:23 am

The overnight bounce to 2104 has extended its pre-open reaction down to attack yesterday”s 2095.25 noon hour lows. That”s a lot of selling pressure to expend in that timing window to that extreme level. Attracting new sponsorship at the open to resume the rally would be very credible, but also very much required to quickly extend higher sharply. Otherwise, not recovering quickly would suggest that new sponsorship is being attracted to resume the decline. Regardless, this area is unlikely to contain price for much longer. Details and other coverage is in the pre-market Tour:
https://roddavid10.mitel-nhwc.com/join/htpmbjj

Posted in S&P