Pre-market Tour (recording & summary)

The last overnight surge testing 2059.50 had been retraced to its 2051.50 origin. Bouncing to 2055.00 — which is this morning’s bias-up target — has reacted down even lower to 2050.00.

The bullish scenario requires recovering at least the lower-end of 2057.00-2059.50 with little or no delay. So, the bullish scenario is likely to surge out of the open, if not already surging into it. Any less aggressive firming would be suspicious.

The bearish scenario should reverse back under 2048.00, but not necessarily immediately. The range in between is not predictive.

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