Pre-market Wrap… More lemons from lemonade.

The overnight rally to 1957.75 had been retraced already to probe negative territory under 1931.00-1933.50. Then it extended down to 1919.00, fresh lows under 1926.50 and 1924.00 (yesterday’s low and the overnight low, respectively). That also tested this morning’s 1922.75 bias-down target.

Before getting too bearish on all of that, let’s note that its reaction up has threatened the 1928.50 bias-down signal. Not holding 1926.50 through 9:45 would make it likely to trigger 30 minutes later at 10:15. So, recovering 1926.50 through 9:45 should be take seriously for its potential to rally sharply through the morning.

There’s nothing bullish about triggering bias-down. Details and other markets coverage were discussed during the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/fbkymwy