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This will be very, very – If, Then… Market Timing

This will be very, very

By Rod David | May 12, 2015 - 5:32 am

This will be very, very ugly if not contained here. An otherwise uneventful overnight range had been hugging yesterday”s post-close 2096 low. It had even started firming, surging somewhat to within 2 ticks of 2101.50. But, apparently, that only stretched the rubber band, and it snapped back hard. A relentless 20-point slide from there has extended to 2080.25.

And here”s something we haven”t seen in awhile — three consecutive RSI divergences resolved in lower lows… I”ll have more soon in the First Trade blog post, and then during the morning the pre-market Tour. Tune in now at:
Win – XP friendly: http://anymeeting.com/770-463-232
non-xp ilinc-Mitel: https://roddavid10.mitel-nhwc.com/join/bfyytsh

Posted in S&P