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The overnight reaction down from – If, Then… Market Timing

The overnight reaction down from

By Rod David | July 21, 2015 - 9:14 am

The overnight reaction down from Europe”s opens has resumed. Bouncing 2 points off of 2120.50 gave way to fresh lows at 2118. The bias-down signal is 2 ticks lower. Holding its test and recovering 2119 through the open would make a bounce credible. But lower lows are likely since today”s open isn”t gapping up after yesterday afternoon”s buyers didn”t gain traction for their effort. Recovering 2122 through a relevant window could change that, but anything shallower would still be expected to resolve down. Details in the pre-market Tour:
https://roddavid10.mitel-nhwc.com/join/jrcbbwh

Posted in S&P