Pre-market Tour (recording & summary)

The earlier 5-point bounce up to 2186.00 had been largely retraced already, and then entirely on the way to fresh lows at 2180.25. That’s within 1 tick of filling the gap back to last Friday’s cash session close. That would be “optimistically short” if done post-open, bearish from a contrarian perspective. Instead, a bigger bounce could retest yesterday’s highs up to 2189.50. Not holding the gap would target 2172.00, another outstanding gap — and gap fills do tend to come in pairs.

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