Pre-market Tour (recording & summary)

Detached from Friday’s late drop though it may be, Monday’s pre-open price action has begun dropping, itself. Ranging overnight around Friday’s 2160.00 cash session close has formed a Symmetrical Triangle. Its false breakout would target 2147.50-2150.00, which could be reacting up already if met early enough during the opening 15 minutes of volatility. Not met early enough, or yet reacting up, would no longer be influenced by overnight patterns. A less common false break pattern would be considered reversing up back above 2158.50. But anything lower and later would be vulnerable to extending down this morning.

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