Pre-market Tour

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The pre-open blip-up to 2087.00 was retested, reacting down again to test the 2084.00 interim low. If the overnight rally is attracting new sponsorship, then a little backing-and-filling would still be possible. Rallying so much can inhibit new sponsorship, and attract sellers. If the rally is too much to attract new sponsorship, then sellers might be strong-handed. Beware of the open reacting down back through the 2080.50 bias-up signal — especially if the 2086.00 bias-up target were retested post-open.

Details and other markets coverage are discussed in the pre-market Tour recording here:
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NOTE: We’ll be troubleshooting the new Webex trading room after today’s close to resolve an audio issue, so that we can switch from the current platforms. This will not interfere with trading hours.

Maybe the turbulence means we’re getting ready to land, descending through the clouds… The overnight slide attacking 2066.00 had reacted up sharply to test 2072.00. That was retraced as quickly to a fresh low probing under 2066.00. Which bounced again, to 2071.00.

I’m thinking this 2066.00-2072.00 area might be relevant.

That’s not exactly rocket surgery. Timing will tell, as in triggering the 2068.00 bias-down signal at 10:15, or holding it.

Details and other markets coverage are discussed in the pre-market Tour recording here:
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The consolidation around this morning’s 2087.25 bias-down signal is persisting into the open. Not gapping up keeps last week’s pattern vulnerable to extending down further before recovering — whether to test 2072.50, 2070.00, or 2064.50. Blipping-up through the open would be likely to fail, unless maintained well into positive territory.

Details and other markets coverage are discussed in the pre-market Tour recording here:
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And that’s why the reaction to news is allowed 90 seconds to work itself out… Payrolls was greeted at 2094.00 and the next two minutes ranged up to 2097.50 and down to 2082.00. Even that was didn’t include the next minute’s surge to a fresh high at 2099.00, or its reaction back down to 2091.00.

Coincidentally, recovering 2091.50 through the open would start to reflect the pre-open selling under 2088.00 may be isolated there. The consequence would be to retest yesterday’s 2103.00-2104.50 highs, if not also fresh highs for the week. But not recovering through the open would leave the balance of the morning under pressure, perhaps down to the 2070.00 area.

Details and other markets coverage are discussed in the pre-market Tour recording here:
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Fattened up, after all? The earlier rally has fizzled. It was attacking 2105.00 and yesterday morning’s bias environment high, whose recovery through the open would be assured of reversing the near-term trend back up. But now its reaction down is probing 2 points under yesterday’s 2100.50 noon hour high, whose non-recovery would resume the attraction down to unfinished business at 2088.25.

Details and other markets coverage are discussed in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/pcryjvr