Pre-market Tour (recording & summary)
Stoic calm, or flat-lining? Regardless of which, the narrow overnight ranging is persisting into the open. A post-open dip has room down to the 2076.00 area without launching a new downtrend, and not a lot of time to recover. Upside potential should be limited to testing or probing yesterday’s highs, but probably not trending ahead of this afternoon’s FOMC statement.
Details and other markets coverage are discussed in the pre-market Tour recording here.
