Pre-market Tour

The overnight dip to its 2068.25-2069.00 limit had recovered back to unchanged at 2076.00. Another corrective dip post-open may be avoided now that the recovery has extended to fresh highs pre-open at 2079.50. We’ll still monitor for reversal potential from testing 2082.25, with room up to 2086.50. But a reversal from fresh highs would be less likely to recover again from 2068.25-2069.00.

Details and other markets coverage are discussed in the pre-market Tour recording here.

The reaction down from 2069.25 has extended to 2063.50. Extending the rally this morning has little excuse to be delayed much past the open, or to back-and-fill any deeper first.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Posturing for sellers to retake control had to begin quickly upon retesting the 2043.00 overnight high. And it did. But 2034.00-2035.00 is only now being attacked, and not even to within 1 point. Trending down sharply through the open could still be credible for sellers to gain traction. Otherwise, 2034.00-2035.00 could launch a temporary bounce before sellers get their next opportunity when the afternoon bias environment lapses.

Details and other markets coverage are discussed in the pre-market Tour recording here.

The overnight surge’s consolidation back to 2046.00 support has persisted. Its 2051.50 resistance is being retested pre-open. Exiting the open beyond either end of the 2045.50-2049.00 range is likely to extend in that direction.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Consolidating the overnight rally at 2044.00-2048.50 was broken by a surge to 2053.00. Now the standard for maintaining the recovery isn’t yesterday’s last relative high at 2043.00, but yesterday’s 2045.50-2051.00 opening range. Its resolution through the open should trend in that direction through the morning — if not also into the afternoon.

Details and other markets coverage are discussed in the pre-market Tour recording here.