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The weekend”s sell-off isn”t being – If, Then… Market Timing

The weekend”s sell-off isn”t being

By Rod David | May 26, 2015 - 9:23 am

The weekend”s sell-off isn”t being isolated to Globex, as the pre-open bounce only touched this morning”s 2122.50 bias-down signal as resistance. Its reaction down is now attacking the 2115.25 overnight low. And that”s despite another weak GDP reading, which would seem to inhibit a bearish rate hike. Will a test of the week-old “lower prior high” in the 2113 area be able to end the weekend”s sell-off? We reviewed that during the pre-market Tour, and its recording is linked here:
https://roddavid10.mitel-nhwc.com/join/tybktts

Posted in S&P