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

The reaction down from testing

By Rod David | July 23, 2015 - 9:18 am

The reaction down from testing and retesting 2113.50 overnight has extended to test 2107. That”s about as deep as possible to make this dip credible for being any more than a temporary pullback. Recovering is still possible after dipping just a little deeper down to 2105.50. And then, only if already being recovered through 9:45. Any lower for any longer would undermine the recovery scenario — at least until probing under yesterday”s lows. Details and other markets coverage is in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/jrcbkwv

Posted in S&P