Pre-market Tour (recording & summary)

So much for gapping up. Reaction to the ECB events (i.e. Draghi’s presser) triggered a slide from 2140.50 to 2132.25). That is a test of yesterday morning’s low, which must hold through the open to avoid shifting momentum down. Even then, holding it wouldn’t preclude probing it intraday, although its recovery would be likelier. Regardless, the nearest and most recent “unfinished business” is above at 2145.50 — above yesterday’s high and the overnight high. Back into positive territory through a relevant timing window would all but put into play fresh highs.

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