The overnight reaction down from

The overnight reaction down from 2094.50”s surge has more and more resembled its rejection. Another leg down probed 1 point under this morning”s 2080.50 bias-down signal.

The signal doesn”t trigger until 10:15. And holding its test would put into play an offsetting test of the 2091 bias-up signal. Visiting 2091 had been “unfinished business” left outstanding last week, and neutralizing it overnight doesn”t prevent retesting it intraday.

There will also be an attraction for filling the gap back up to Friday”s 2087.25/2089.50 closes.

Triggering the 2080.50 bias-down signal at 10:15 — which will be warned by exiting the opening 15 minutes of volatility under 2077 — would target 2073.75 and possibly lower.

More details and other markets coverage were discussed during the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/mjzjxyj