Pre-market Tour (recording & summary)

The reaction down from 2144.00 has extended to 2136.00. Yesterday afternoon’s 2138.75 high — preferably also 2139.75 — should be recovered through the open to maintain this morning’s rally potential. Exiting the open above 2140.50 would be optimal to keeping Monday morning’s 2146.75 high in-play, even if only attacked before everyone starts cowering ahead of the afternoon’s FOMC events. Not exiting the open above yesterday afternoon’s high could be bearish, but probably not much if not immediate.

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