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The overnight surge that attacked – If, Then… Market Timing

The overnight surge that attacked

By Rod David | June 25, 2015 - 9:24 am

The overnight surge that attacked 2113.50 had fallen to test 2105.75 as support before trying to rally again. That attempt had no bullish reason to delay extending higher, but it did delay, and it fell. Now the open is being greeted by a bounce off of 2104. The promise of gapping up above Mon-Tue lows, is now struggling to at least gap up above yesterday afternoon”s highs, which would form a “session-long rally” setup. Not maintaining a gap up above yesterday afternoon”s high and 2105.75 resistance would be as bearish as it could have been bullish.

Here”s more detail in the pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/rkbswwf

Posted in S&P