Pre-market Tour… Running out of legs?

The earlier bounce from 1954.50 peaked at 1961.25 instead of recovering it. It was pretty early anyway for counter-trend sponsorship to gain traction. And now the decline has resumed pre-open to attack 1944.00.

There’s a big line in the sand at 1945.00, needing to hold as support through 9:45 as long as it’s being tested, or else all could be lost. Surely a portion of this pre-open selling wave is exacerbated by sellers suddenly concerned by two days of illiquidity. But that doesn’t mean more can’t follow.

Having tested 1945.00, exiting the open above 1952.75 would be a big step to signaling that sellers are trapped, and that buyers are retaking control. Details and other markets coverage are in the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/xmmvfwp