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The pre-open bounce from 2033.25 – If, Then… Market Timing

The pre-open bounce from 2033.25

By Rod David | March 26, 2015 - 9:24 am

The pre-open bounce from 2033.25 did correct from touching the 2042.00 bias-down signal as resistance. A 61.8% retracement at 2036.50 snapped back up to a fresh high. Now 2045.00 is being probed by a couple of points. Its recovery (or not) through 9:45 would preliminarily suggest whether the 2042.00 bias-down target will be broken again through 10:15. Opening under 2045.75 and sliding through 2044.25 could offer early confirmation that 2045.00 won”t be recovered by 9:45, and that the overnight lows can be retested today. Recovering 2045.00 instead would at least target a retest of the 2050.25 bias-down signal as resistance. Here”s the pre-market Tour recording for more:
https://roddavid10.mitel-nhwc.com/join/pcxmrhm

Posted in S&P