Pre-market Tour (recording & summary)
We spent a lot of time discussing the potential bullishness of having neutralized the outstanding retest of the Fri-Mon Island’s 2008.00-2014.50 “lower prior highs.” We discussed reversing the two negative stimuli of falling Yen and Crude Oil .
Then the Tour ended while a break higher began testing 2027.00 resistance whose recovery could race higher through the open to isolate yesterday’s post-close selling and suggest a bullish WedEX remains intact. It’s now attacking the quite relevant 2030.00 pullback limit from yesterday.
Or, not… Post-open action won’t have much excuse for delaying extending higher, not unless the pre-open surge is only a head-fake — similar to last night’s Yen ation.
Details and other markets coverage are discussed in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/shwbtvv
