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The pre-open dive found support – If, Then… Market Timing

The pre-open dive found support

By Rod David | April 16, 2015 - 9:18 am

The pre-open dive found support two hours ago upon probing the midpoint of Tuesday afternoon”s 2088-2090 “lower prior highs,” which contains this morning”s bias-down target. Ranging since then has attacked the 2095 bias-down signal, but opening above it isn”t indicated. Holding a retest of the overnight lows would likely launch a bounce this morning. Not even triggering the 2095 bias-down signal could launch a short-squeeze back to and through yesterday”s highs. But there”s no assurance of recovering today if 2088-2090 were broken through a relevant timing window… Here”s the pre-market Tour recording for more detail:
https://roddavid10.mitel-nhwc.com/join/bwzzmth

Posted in S&P