Pre-market Tour (recording & summary)
Will this be a 2500-point day? That’s basis the Dow, of course (for now). It’s coming, eventually. Circuit breakers for ES today will trigger 15-minute halts at 1965 and 1838. That impending illiquidity would only exacerbate the usual Friday Factors, which are a function of two days of impending illiquidity.
Recovering 2055.50 early enough could avoid all that. For now. Or, holding fresh lows testing 1993.50. Regardless, don’t be compelled to take any position — certainly not without pre-defining your parameters, and being disciplined to act on them.
Details and other markets coverage are discussed in the pre-market Tour recording here.
