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The overnight rally to 2093.00 – If, Then… Market Timing

The overnight rally to 2093.00

By Rod David | August 13, 2015 - 9:15 am

The overnight rally to 2093.00 had reacted down through Europe”s opens. That was retraced only to 2091 before reacting down again. The open is indicated currently at the lower-end of 2080.50-2082.25, which wouldn”t be very predictive — not until it”s maintained through the open, so that yesterday”s recovery can resume. Otherwise, dipping any deeper through the open could spend the morning under pressure and delay rewarding yesterday”s recovery until this afternoon. Details and other markets coverage are in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/bwhmjwh

Posted in S&P