Pre-market Tour (recording & summary)
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.
