Pre-market Tour (recording & summary)
The otherwise narrow overnight range’s lower-end had been probed by 2-1/2 points to test 2198.00. Bouncing 3 points has resolved down sharply to 2194.00, and lower. That’s essentially the origin of yesterday afternoon’s rally, and almost any lower would compel a bearish mentality through the morning. By the same token, absorbing the dip and not triggering the 2195.50 bias-down signal would be bullish into the holiday.
Details and other markets coverage are discussed in the pre-market Tour recording here.
