Pre-market Tour (recording & summary)
My First Trade blog post 0pointed out that that despite extending up to 1929.50 overnight, the 1915.00 bias-up target must be retested from above since it was ignored from below. Moments later, it was being probed on the way down to 1911.50.
That has been probed down to 1909.25. Yesterday’s late high was testing its target at 1909.75.
This action is potentially bullish, depending upon isolating the action to the overnight. Not recovering high enough post-open, or simply extending down, would threaten to extend back to Tuesday’s lows which yesterday’s early sellers couldn’t trigger.
Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/bwhrpkc
