Pre-market Tour

Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
After having trended down into Thursday’s close, Friday’s open was greeted by gapping up above Thursday afternoon’s 2664.00 bias environment high. This forms a “session-long rally” setup, which extended higher throughout the day. “Unfinished business above” at 2677.75 was neutralized on the way to 2682.75. The position-squaring window dropped 8 points to probe under the afternoon bias environment’s 2677.25 low, fulfilling the bearish WedEX’s influence, barely. Surging into expiration’s settlement recovered back to session highs.

Overnight action’s new info…
It’s being attributed to anticipation that tomorrow’s tax reform vote will pass, which of course isn’t exactly fresh news. Whatever its catalyst, Sunday night’s open surged to new highs attacking 2686.00, 12 points above Friday’s late dip low. Extending higher relentlessly is still printing fresh highs, now attacking 2693.00. This is a “new Globex trend extreme” that would require intraday retest, eventually, but often done the same day.

If, then…
Friday’s late buying pressure gained no traction for the effort. Gapping to a fresh extreme can compensate by proxy, but that’s if the gap up is maintained. This morning’s open will face two headwinds. The first being a bearish WedEX, which made a brief, minimally sufficient appearance Friday afternoon against the momentum of an otherwise dominant session-long rally. WedEX’s next influence is Monday morning, which is currently being fattened up for the kill. The other headwind is new: relentless overnight trending is vulnerable to reversing at the open, more so on Mondays. Not quite likely, but vulnerable. Thanks to the overnight rally, there’s now plenty of room to expend selling pressure all morning without reversing the uptrend — perhaps also while remaining postured for fulfilling the new trend extreme close that Friday’s close all but requires. Not in the category of headwinds, but also to consider, is the overnight rally’s potentially excessive optimism, which can be bearish from a contrarian perspective. A sideways glance from Marco Rubio could be the prick that pops the balloon, again. But if sellers aren’t obviously in control coming out of the open, then the squeeze could accelerate exponentially.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2687.25 would be likely also to exceed the 2684.50 bias-up target through 10:15 to renew the bias-up signal, next targeting 2695.00 and 2699.75.

Phonetic dictation…
good morning and welcome it is Monday it’s time for Monday’s Morning Market to our this is a complete week even though Friday is all but a truncated session it doesn’t close any earlier but it will thin out from travel so with that seasonal bullishness just ahead if the markets going to put in any any kind of a decisive or substantial deep kind of pulled back it’s going to have to start not nominally to new highs and it has done so despite one and now to have one of those is the specialized applications one is Friday afternoon and one is Monday morning not before Friday afternoon Friday morning not before or at night after Friday afternoon until Monday morning that is Sunday night is it relevant to the wet X which is a bearish indicator in this case which can’t be inverted it can only be invalidated it was influentialis the high print of the opening 15 minutes until that succeeded by another a higher print that’s going to be vulnerable to reversing it’s and can be as bearish to expend all available buying pressure or could spend relentlessly buying pressure through the entirety of the opening 15 minutes as bearish as not maintaining a higher high but as long as they have it in 15 minutes so longgold which is held 12:55 pull back both Thursday and back hopefully one as well and then Friday is trying to exploit that overnight silver as well which held 1585 and closed basically at around 1605 on Friday trying to exploit that Longmont not much with in order to maintainHenry’s near term hey I’m in the year did not confirm a close up of 8888 still doesn’t get any kind of benefit of the doubt for having reverse the trend without cuz you love 8920 and then the Bitcoin futures so I still don’t have from qcharts the over night they’re having some issues and this is with CME now starting to trade but you can see our Buy Signal our bar setup for long entry on closing above 16/8 was basically basically LeapFrog over its Target targets

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Tuesday’s night’s swing and Wednesday’s choppiness had suggested the market was primed for trending attempts, regardless of whether any succeeded, which they weren’t likely. Primed for volatility, Thursday’s “dry cleaners morning” was a disappointment as price ranged narrowly. The price collapsed, from 2671.00 down to 2664.50 through the noon hour. The afternoon’s noN-bias environment lapsed at session lows at 2654.75. A 7-point bounce failed as oversold RSIs attracted price back down into the close.

Overnight action’s new info…
Retesting the 2654.75 low’s oversold RSIs was likely to visit 2653.00. Globex almost immediately fulfilled it, piercing it momentarily by nearly 2 points. Trending back up 4 points eventually surged another 3, and then added a point ranging flat-to-higher testing 2661.00 into and out of Europe’s opens. The range is now trying to break higher.

If, then…
Triggering a buy signal above 2659.50 into yesterday’s last half-hour was momentarily productive, and could have triggered a compelling hold-long setup.  The buy signal was sacrificed to retest the low’s oversold RSIs and to test its room for noise at 2653.00. Having neutralized their attraction below, another buy signal should be much more productive. The overnight rally is a good start, but it must be maintained to trigger bias-up to even attack “unfinished business above” at 2677.75 before the afternoon’s bearish WedEX’s influence. Post-open weakness isn’t required to remain within yesterday afternoon’s range.Meanwhile, gapping up above yesterday afternoon’s 2664.00 high would form a “session-long rally” setup. That can co-exist with the bearish WedEX only by rallying into a late-afternoon collapse.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 2662.25 would be likely to trigger the 2659.00 bias-up signal at 10:15. Exiting the open under 2656.75 would be unlikely to trigger bias-up.

Phonetic dictation…

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Wednesday’s open gapped up 3 points, hardly suggesting there had been an 8-point drop overnight. But it was the first bit of refueling all week, and the first refueling since one week prior. The open exploited by surging to new highs attacking 2675.00 and triggering bias-up. Refueling or not, that was still a lot of optimism just ahead of the afternoon’s FOMC events. An 8-point drop refueled again, but only for recovering to the morning’s highs. No higher. Despite the restrained optimism, the final hour slid to fresh session lows attacking 2666.00, closing unchanged at 2667.25. The morning’s 2677.75 bias-up target became “unfinished business above.”

Overnight action’s new info…
Yesterday’s final hour collapse seems to have fully expressed whatever pessimism triggered it. Globex opened with a bounce that retraced at least 61.8% of the late intraday drop. That bounce’s own 61.8% retracement has been recovered entirely, and then some, getting two within 6 ticks of yesterday afternoon’s highs.

If, then…
Wednesday’s choppy action in a relatively narrow range already suggests that a more durable trending attempt is coming. The final hour’s collapse was a glimpse of that, and now so also is its overnight retracement. Not an entire retracement — not yet, if at all — but the directional change reflects more opposing opinion, more of which is reflected in its own swings’ measurements. Meanwhile, Wednesday’s failed probe of multi-session highs triggered a “passive bearish” WedEX. That could be reversed by the proxy of this morning’s open gapping up to new highs. Otherwise, more probes of fresh highs remain possible, and they remain vulnerable to reversing back down sharply into the range, if not also below it.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2671.00 would be unlikely to trigger the 2672.50 bias-up signal at 10:15.

Phonetic dictation…
good morning welcome it’s Thursday time for Thursday’s morning like at 2 or I’m going to squeeze in this update between meetings Bank of England meeting that just ended ECB meeting and policy statement coming and then Mario draghi speaking lots of opportunity interested in taking something speeding some sort of move because we got a lot of volatility in here and then up toOkay so maybe a bridge too far up to Tuesday’s High and then a big overnight reaction down big recovery we’re just running to expand the range not getting too much more out of the for the effort that is Wednesday despite probing Tuesday’s High a couple times didn’t close above it by the way Wednesday of expiration week the wet X signal number bells and whistles here are the most important ones in this setup being that there is multi-session trending and Wednesday probed a fire high or low and didn’t go out overlapping that Pryor high or low actually either exceeded or held and in this case held that the prior High that is passive not active active would have been towhy is going to become vulnerable to reversing back down calculable e preferably from hitting 2677 75 or 2 within 3 checks breaking lower instead that’ll leave that unfinished business above still be looking for some spot to buy it or to assume that there is potential to hold in Reverse backup marketsplus minus a nickel at this point natural gas position of strength and actually probing lower overnight ahead of it so still room all the way up to 290 before even signaling that a new rally leg new rally leg is in the waythe range wasn’t breaking out of its initial hi we see this a lot I’ve never seen this pattern for instance go back to Alibaba go back to Facebook go back to I believe snap Knotts death GoPro these initial initial dumps I mean this is not a stock you should at least producer

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Monday’s late surge to fresh highs at 2667.25 wasn’t rejected overnight, which had ranged exclusively back down to Monday’s 2663.50 late high. Tuesday’s open dipped there one more time before surging to the next higher objective at 2673.00. That was the morning’s bias target despite not triggering bias-up, which is “no-bias trending” and doomed to failure. Besides, it was a little overly-optimistic ahead of Wednesday’s coming headlines. The failure came late, after a choppy sideways range, dropping back down to test 2667.25.

Overnight action’s new info…
Tuesday’s late dip had reacted up into its close, but that was quickly retraced on the way back down to the morning’s lows at 2664.00. A 6-point collapse accompanied Senate election results. The balance of the night has been spent retracing it, and also yesterday’s close up to 2669.00.

If, then…
Several higher objectives have been touched and held through their timing window in just over 24 hours at 2660.50, 2667.25 and 2673.00. No interim pullback refueled buyers before extending to the next higher objective and fulfilling more extended buying pressure without creating new “unfinished business above.” This much optimism may not be excessive, but it is vulnerable to reversing. The last similar instance was November’s last two sessions which fulfilled 2631.75 and 2657.25 before December’s first session plunged to 2605.00. That catalyst was a surprise (Gen’l Flynn day). This afternoon will be batted about by an FOMC policy statement AND the Fed Chair’s quarterly Q&A. nonetheless to suddenly realizing it has no sponsorship or reinforcements. Being overnight, the overnight drop can’t be relied upon for having refueled intraday buyers. Yet, the overnight drop’s intraday origin came too late yesterday afternoon to have been strong-handed sponsorship. At least an attack on yesterday’s highs is still possible before becoming likely to break lower again.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2667.25 would be unlikely to trigger the 2663.50 bias-down signal at 10:15. Exiting the open under 2669.00 would be unlikely to trigger the 2671.25 bias-up signal.

Phonetic dictation…
okay good morning and welcome it’s Wednesday it’s time for Wednesday’s morning work at 2 or I just to point out what happened last night first of all yesterday’s brake lower came too late the origin was too late to be durable we knew two things about it it was either going to be brief shallow possibly deep but in any case temporary pick 2 and of the other three extended break yesterday finished it’s because of the ending in the morning above the bicep signal held it as support bounce back basically to the breakpoint of that pattern of that consolidation and then extended Down Deeper back into what have been the overnight range and even under it to test 6050 remember what the lower ejected would have been had sellers gained Traction in today 2660 50 plus or minus a couple ticks either way test it overnight so there is a potential only overnight and it’s already rewarded by retracing as was expected only a temporary drop all the way back to its 2669 brake again but we can give it a little bit better control or 6671 little bit extra room there 72 maybe or probe above yesterday’s range which really 7677 50 is likely to to be the objective of a probe sooner rather than later earlier this afternoon because important afternoon the policy statement from the expected anticipated Monday and then extending into Monday’s close to the next active and all these influential by the way 6725 that then extends to the next to the problem between 6050 and 6725 was compounded by being no that’s not even not refueled just we can’t that try to get to 26so nottoday’s events of this afternoon’s events notwithstanding this overnight drop that did complete a pull back but that’s for the overnight crowd so they get some sort of influence into the open will be looking for a retail store I’ll be giving the potential for retest of yesterday’s highs or benefit of the doubt so long as sellers aren’t we taking control through the open and I don’t mean to say That’s The Longshot there’s a good chance of celery taking control at the open but so long as they haven’t and attack on probe into or probe of yesterday’s highs becomes likely even if that’s if the markets just going to get into posture for greeting the fomc news from nearly attacking yesterday’s highs so some sort of a relief rally knee-jerk reaction up and then Splat could develop and then finally not I’m not trying to call the ultimate reaction to the fomc developments very possible that the market gets over itself and Extenze higher for whatever reason just know the vulnerabilities at the last time this happened it happened on a bigger scale which was extending are the next objective above 26 2600 bass 2601 where 26 3175 that was met overlap a little bit but met on the 2nd of November and active without any refueling really that’s a very shallow dip and didn’t even close about 3175 extended hire anyway to 5725 the next tire objective not that that was the cause of the reaction down but it certainly created fertile ground for the general Flynn reaction all the way down to 2605 that’s those are much bigger objectives much bigger interim pull back the shallower objectives never met over the last couple days 6050 6725 73 did have a similar or I think I’m relatively similar pull back I’ll be in overnight other markets gold which position of strength silver similarly last week’s low potential potential for absorbing potential for converting and copper 6309 to indicate that this was only until then this bounce is just creating room to absorb one big flush that’s still the most likely or at least reliable long Bond initially in either of the two last two days support and resistance not closing Beyond either low pessimistic potentially bullish24 hours ofare weeks range at the let alone breaking lower that was rejected at the open closing back about 5740 would start to suggest that sellers still aren’t bringing it at the same time cuz you left at 7:40 would really undermine the timing any remaining timing to this pattern either retesting the highs or extending hired at 6105 or falling back up at 7:40 would not help us want to see a pull back here that helps the pattern stay on track Natural Gas this is the nearest bicycle is a close above 290 but there’s really no by today if price were to shoot up there that would be a very suspicious of course although so long as hell Gap is left outstanding below that’s the beginning of being able to start giving buyers benefit of the doubt just not a great pattern to trade right now which had made it to 70 75 80 yesterday made it back there today or overnight the reaction stops short of closing back under 7540 Wychwood Target a retest in the Lowe’s basically an island back about 75-80 would have what would extend the correct of Bounce that’s really the most we can do on that the pound a little more brexit news or at least perspective coming out today and that that doesn’t seem to be hindering the pattern much which is still on its way breaking lower Looney willing to give this a benefit of the doubt read that as just a little bit more time to approve itself out because yesterday was at least overlapping or touching the prior couple three sessions Lowe’s but that’s it I mean there’s no forget about second bite at the Apple there’s really no time allowed to let that play out without actually exploiting it so that bicycle triggers today or else it’s just not going to be credible after rejecting a corrective bounce as was likely yesterday not anything new overnight but still maintaining that pattern and nothing really yet reliable in the yen but the near-term or the nearest 8888 can be lowered today if this pattern basically through the day but kind of Correctionit is only consolidating so and it’s by the way against the against the control group of Bitcoin itself which has Futures now and not the same kind of games so does look like a lot of buying is being diverted or at least there’s Now new interest in other cryptos that don’t have the unknown factor of how Futures are going to impact I can’t think of a fundamental reason or much fundamental reason of course etherium has the largest blockchain development efforts but apart from that just a matter of picking one horse over another or even a couple of them you want to go for a trifecta Maybe I’m starting to look into what happens at year-end I’m sure there’s forget about tax reform in a lower tax rate just the time value of money might make it more attractive to larger holders longer-term holders of Bitcoin for instance to sell January one not the first trading Day by the way of January versus bases the stock market but literally midnight and one second in 2018 lot in their games then and have a tax bill it’s not due until the following year so that is probably going to put some down might be decided to allow shorting Futures just as a friend but I don’t think that’s going to be the issue so much as making sure there’s some some protection in place it will be probably later this week and I’ll see you there good luck today

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Proper context can start the day with a solid win and make all the difference.

DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Monday’s open was greeted by mostly recovering from the 5-point reaction down to a pre-open terror attack. Qualifying as a “knee-jerk reactions to headlines” — by definition, weak-handed sponsorship — made its 2657.25 origin likely to be recovered. Which it was, through the open. And then higher to fulfill “unfinished business above” at 2660.50 outstanding from Friday. The morning’s pullback recovered to 2662.50 during the noon hour, but failed to trigger the afternoon’s 2661.25 bias-up which would targeted 2667.25. A late pullback to 2659.00 reversed up relentlessly throughout the last half-hour to 2663.50 at the cash session.

Overnight action’s new info…
Futures continued surging to 2667.25, 4 points above Monday’s cash session was 2663.50. This became the overnight range, which has been held aloft optimistically, without extending higher. Globex immediately dipped back down to 2663.50, then bounced to 2667.75. Another, more gradual dip to 2663.50 developed into Europe’s opens, which again bounced to the range’s upper-end. Another dip and another bounce, of course, now getting briefer and shallower, still contained within 2663.50-2667.25.

If, then…
The current pattern’s influence was verified by yesterday’s session being bookend-ed by two higher calculable objectives. The morning peaked at 2660.50, and surging through the close peaked upon piercing 2667.25 by 2 ticks. The latter happens to have been last Monday’s opening high, so there has yet to be a “new Globex trend extreme” requiring intraday retest or inhibiting a reversal down. But yesterday’s late surge did exceed the corrective bounce limit that the morning had held, making fresh highs likely to test the room for noise at 2673.00. And its test would be likely so long as a 1-point buffer centered around 2660.50 holds as support, to keep sellers from gaining traction. Testing 2660.50 AFTER probing fresh highs would be less capable of holding. Regardless, there remains no “unfinished business above,” while a Senator’s election today could help or hurt tax reform passing, and tomorrow’s impending FOMC events inhibit buyers.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2664.50 would be unlikely to trigger the 2667.25 bias-up signal at 10:15.

Phonetic dictation…
good morning welcome it’s Tuesday time for Tuesday Mornings market tour International gross day I just made that up 12 12 dozen dozen 1 gross okay so mr. trade at yesterday’s close irritating because it was his little dip down at after at least to buy some laps They delayed no bias HUD had HUD the bias up signal that it didn’t trigger perfectly positioned either to resume that biased regret late which is often the case which would have targeted 2667 25 but this little blip down dismissed that possibility or not possibility that just the setup actually triggering late or in other words being likely to perform late going forward we’re going to give that a little wider berth it’s too late in the day at that point for a new pattern to emerge setups are a little different than patterns they play on patterns that have already created Target’s they already reflect buying and selling pressure but we can give a false brake setup to this that despite probing its inflection point never extended deeper than its first three-minute test is that going to be high probability it’s not going to be reliable notwithstanding the actual effect yesterday but if the market wants to be this volatile then I think we need to adapt a little bit to it it is surprising that it happened the case that I just described in another case it’s not because the next to higher objectives really book ended yesterday 26650 was yesterday’s high that was unfinished business left outstanding Friday and the next tire objective 2667 25 was yesterday’s high. Actually pierced by a couple ticks notice what has happened since reaction down to 6350 basically that is held as support throughout the night 6350 back and forth between 65 650 6725 6325 6340 still centered around what was the future 6450 optimism optimism to maintain that in effectual optimism to not extend that it’s not as relevant and optimism is not as productive as it would be intraday remember there was ineffectual pessimism not intraday coming to yesterday’s open that told us to look for follow through the upside so overnight or pre-open ineffectual optimism and pessimism can still have some bearing on the intraday but remember the next room for noise then or the noise above 6725 or the next 73 if 6725 or exceededwell that’ll be in play this morning and even if it’s not put into play this morning they’re still going to be likelihood of extending to it at some point so long as 26 6502660 2661 longest 26650 old support there any relevant window there’s still going to be potential to extend higher to 2773 2673 so I can remember this is actually last night this wasn’t actually the 26 6725 touched after yesterday’s clothes was actually last week so I last Monday’s high that’s actually not wear that was derived that is a calculable objective and so it’s on its own path and exceeded what needed to hold and that was yesterday morning’s high or ranging around at 3 yesterday afternoon he had exceeded what needed to hold for this to have been a corrective bounce yesterday so it’s not a correction or at least it’s an overshot correction if we get to 2673 and fail to longest 26 650 the oldest support we’re probably going to probe last week’s High to 2673 maybe today there’s I haven’t discussed it I don’t intend to discuss it so much as just to point out there is a senate US Senate race in Alabama between Democrat Republican and Democrat gets in it’s questionable whether he would vote for the tax reform package at the Republican gets in it’s not question whether he would vote for the tax reform package and other words seemingly irrelevant otherwise to the market but the market having rallied in Oaks of tax reform package passing within the next couple weeks if the Democrat wins tonight then that probably doesn’t happen and we have a good trade to the downside makeup for the tax savings with bigger profits will take a look at that we don’t know anything or not telling us anything about that but it’s clearly optimistic optimistically whether that means it is taking its hopes on that we never know and we don’t need to know but there’s also a fomc meeting tomorrow that in a rising interest rate environment or interest rate hike environment that the market is being pretty optimistic ahead of this is expiration week so a lot of this is attributable to the mechanics of expiration positions rolling definitely potential for turmoil here especially this morning into the afternoon ahead of tomorrow’s event overnight we learn who won the senate race tomorrow where the fomc policy statement is delivered benefit perhaps a couple of considered the most widely developed cryptocurrency Litecoin is the one I chose for other reasons and this has now gone where we from yesterday so yesterday was greeted at 140-150 and ended in the afternoon we were talking about it at 200 and now it’s banging on 280 aetherium also rally yesterday especially when Bitcoin had issues or coinbase GTX the big institutional exchange issuesit became aI promise that I’m looking for evidence of either way that introducing Futures on bitcoin allows selling pressure to be diverted to be expressed and so that makes the Alternatives that don’t have that possible expression more of a attraction for Long’s seems to have held in etherium although it hasn’t extended much higher I believe that is a new high right so I definitely like those lips look again for some reason my eyes but holding up this is the Bitcoin chart for some reason there overnight is not yet be on the phone with them later which would have been better served to lower instead of broke first accumulative eventually it will extend to make a much bigger more bullish pattern only discernible at this from this degree where it needs to recover so much more first or this surge yesterday will be used for having created extra room too expensive and pressure making it more easily absorbed before it actually does damage allow it to probe a fresh low and recover intraday that would be the nominal bullish scenario for copper gold underperforming silver by yesterday hasn’t extended 4450 so it hasn’t actually created the requirement for fresh Lowe’s Silver which I performed Yesterday by holding up above the prior low it’s already 68 6570 took a shot at 5310 yesterday only fluctuated around it came back to fill the Gap back to Friday’s close so that is still the bicycle that would Target 154 basically one 5408 need to get that under way to get some momentum to absorb crude oil Buy closing about 57 original by signal after dropping to and closing under and still not recovering for a couple of days 5680 limit suggested that the deeper pull back was at least near-term not in play I wasn’t looking at coinbase a little bit high for $40need any other proofthe currency okay so as far as crude oil extending hire overnight back to 5850 5855 at this point it’s still in motion so I can’t say that it’s stopping pessimistically short of the prioritize but if it stopped here it would be pessimistically short of the prioritize which the last time I was already pessimistically short of actually fill in the Gap to its prior High so I’ve got to give the upside for the benefit of the doubt and considering the delay possibly heading to its 6105 Target on this leg that’s without the benefit of fully correcting so we are going to start considering that to be the peak if 6105r test on his leg Natural Gas not by a little but the minimum Target was already met is all been fluctuating around it notice that this is going to create an island out of the last three sessions at a relevant level what do we know about Islands their retested either to form a more durable extreme or on the way to resuming the prevailing Trend so where would a corrective bounce than Peak that depends on whether it’s a correction on the way to lower Lowe’s or it is just looking to hold that extreme and we can just eyeball this and see gaps I want to see what happens it’s 76 I suspect 76 will be tested regardless 605 and the session were to react down then we’d have reason to suspect that this is bottoming the more aggressive the bounce on the Odyssey at this stage trying to create an island trying to leave that behind which it won’t do the likelier that it is just a temporary correct surrounded by interrupting brexit headlines I would like to see this if it’s valid but it doesn’t have to to so long as this first and only break under 78 doesn’t extend down we can take seriously close above 7820 nothing new on the euro which of course has to be meeting and policy statement on Thursday as the bank of England by the way possibility of extending

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