Pre-market Tour (recording & summary)
Pre-open action has continued narrowing around this morning’s 2936.75 bias-down signal. Peaks have been lower and lower, forming a Descending Triangle that suggests extending lower. Even if we were 100% certain of recovering from the overnight dip, reactions to events such as in Belgium still often take an intraday dip to process and absorb. Bouncing immediately post-open would be likely to fail.
Details and other markets coverage are discussed in the pre-market Tour recording here.
