Pre-market Tour (recording & summary)
Ruh-roh. Extending yesterday afternoon’s recovery ran into resistance at 2177.00. Its reaction has backed down to almost unchanged 2169.50. That’s not a gap up, which resuming yesterday’s recovery would require. Trying to rally could be doomed to failure. Declining through the morning would now be credible.
Details and other markets coverage are discussed in the pre-market Tour recording here.
