A late surge yesterday probed
A late surge yesterday probed a fresh session high, and probed above Friday afternoon”s high. That was the only rally-like price action since Thursday, and it has been retraced entirely overnight. That effort is desperately in need of a companion, or it will die of loneliness, and take the market with it.
So, opening in positive territory, or quickly recovering it, would tend to be bullish. But even the most bullish scenario might be limited in its productivity ahead of tomorrow”s FOMC policy statement.
We”ll look at the market indexes and review stocks during this morning”s Livedesk at 10:45 ET. Bring your stock chart analysis requests, too. Don”t forget that there”s no Thursday post-close Unlimited session this week.
