Pre-market Tour (recording & summary)

The recovery back up to 2086.00 had formed a Symmetrical Triangle. The pattern often breaks falsely in one direction before reversing more substantially in the opposite direction. But its initial breakout has only extended. And its initial breakout was down.

Now 2077.50 is being tested, whose break through 9:45 would suggest the 2080.25 bias-down signal will trigger at 10:15. Retesting Friday’s 2075.00 low could easily lead to 2067.00-2069.00.

Exiting the open back above 2081.75 could at least marginalize sellers, even if its upside this morning were limited to only a test of 2086.00.

Details and other markets coverage are discussed in the pre-market Tour recording here.