Pre-market Tour

The open is indicated to gap up at or under yesterday’s 2030.50 high. Probing a fresh high and reversing back under it — all during the open — would form the basis for a top. Specific pricing would be considered for confirmation, of course. But the point is that NOT reversing down quickly from a probe above prior highs, or hesitating pessimistically short of even touching prior highs, could prevent a reaction down from getting very far before recovering.

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

The pre-open dive to 2019.25 was recovered up to 2025.25. Now that’s reacting back down to 2021.50. Diving any more deeply open still must break that pre-open congestion to even threaten yesterday’s lows. So, with a probe of fresh highs still likely, the only question seems whether interim weakness will be limited to the morning, just to the open, or ignored altogether at the first tick. Only breaking under yesterday afternoon’s 2016.50 lows would undermine fresh highs.

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

Down, but not out. Not even down.

Overnight choppiness is bouncing from 2014.00 to greet the open back above yesterday’s 2017.00 cash session high. The burden of proof is on sellers. It’s not a particularly difficult burden, but they’ve failed earlier attempts to regain control. So, extending or probing higher this morning remains likely, unless the opening 15 minutes of volatility were to trend down.

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

The overnight rally to 2000.00 has reacted down to 1992.50. Maintaining a gap up above 1995.50–1998.50 remains possible, but must extend higher immediately to beat the 9:45 timing window. The alternative is probably a probe under yesterday’s lows.

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

A surge to fresh highs at 1998.50 was high enough to attract sellers, reversing price back into negative territory under 1993.50. That’s essentially the template we’ve been tracking, albeit shallower, that suggests testing 1987.00-1988.00 before a rally would be credible. That said, bouncing back above 1995.50 would start to suggest a modest morning bounce had become likelier.

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