Pre-market Tour (recording & summary)

The overnight range is improving ahead of the open. Fresh highs are now only 3-4 points under yesterday’s 1896.00 close, which is a 2-3 point improvement from the overnight range.

It’s also above the 1887.50 bias-down signal. Testing it intraday and holding its test would put into play an offsetting test of the 1898.00 bias-up signal.

At least retesting yesterday’s highs is still likely even if bias-down isn’t first tested and rejected, but we wouldn’t have the confidence of it being required. Similarly, triggering bias-down would likely retest overnight lows.

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