Pre-market Tour

Pre-open action has hovered off of the 1896.00 low back up to 1901.50. It should be obvious through the open if the extreme sentiment is a sentiment extreme, by holding 1898.50 and recovering 1905.00 if not also 1914.50. Otherwise, the next lower attraction is 1890.00.

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

Recovering from the overnight drop has extended higher to touch 1938.00. That’s equidistant between yesterday’s futures close, and the cash session closing equivalent which is both an attraction and resistance.

Still, just trying to recover from the overnight drop, instead of exploiting what could have launched a durable downleg, suggests that yesterday’s highs will be probed. The question is whether that gets underway this morning, or after a post-open dip.

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

The overnight surge’s consolidation has continued pre-open. Resuming the bullish WedEX’s influence should be obvious during the open, if the bullish influence remains intact.

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

The overnight slide had bounced from 1906.50 to 1913.25, but that is extending down pre-open to 1902.25. Which is within 3 ticks of support at the 1901.75 bias-down target. Rallying out of the open could recover both bias-down parameters to put into play tests of both bias-up parameter. But not recovering quickly could be especially bearish.

Details and other markets coverage are discussed in the pre-market Tour recordings (multiple again today, a situation that should be rectified before this afternoon).

pre-market Tour #1
pre-market Tour #2
pre-market Tour #3
pre-market Tour #4

The last probe of fresh highs up to 1933.50 has reacted down only to test yesterday’s 1927.25 high as support. That is being probed down to 1926.00, but not down to 1920.00 as with each prior probe higher. At least, not yet. Regardless, trending up through the open would still get a benefit of the doubt for extending higher.

Details and other markets coverage are discussed in the pre-market Tour recordings. That’s right, recordingS. Some sort of glitch in the software repeatedly stopped it, requiring a new cut.

Thursday Tour #1
Thursday Tour #2
Thursday Tour #3
Thursday Tour #4