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The overnight plunge attacked 2079 – If, Then… Market Timing

The overnight plunge attacked 2079

By Rod David | May 12, 2015 - 9:23 am

The overnight plunge attacked 2079 before reacting up meaningfully, to as high as 2086.50. That was retraced almost entirely before reacting up again, more meaningfully, testing and 2091.

It”s a good start, but a start to… what? Either to being in proximity for the open to recover 2091.25-2092.50, and then extending to 2100-2101… or, to refueling sellers from around 2088 for a post-open plunge. Essentially, either the market behaves immediately like it”s found value, or it gets disappointed. Here”s more detail in the pre-market Tour recording:

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

Posted in S&P