Pre-Market Brief

Good morning.. and welcome to day'9 of a collapse wave. US equity futures are moderately higher, sp +10pts, we're set to open at 1891. There looks to be viable upside to the 1900/1910 zone before renewed downside. Primary target 1820, secondary 1750/25 zone by the Thursday close.


sp'15min

sp'monthly

Summary

*it is notable that the month is set to end on a low... possibly in the 1830/1790 zone.
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So... we're set for opening gains.  A bounce into 11am looks very viable.. before resuming lower.

I would be surprised if we hold up into 2pm.... but its possible.

In any case... I see any such bounce one to be shorted.
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Overnight Asia action...

Japan: Nikkei slammed, -4.0% @ 16930.... first level is 16400... then 14000.

China: Shanghai comp' -2.0% @ 3038.... again, holding the 3K threshold... but that will likely fail this Wed.
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Have a good Tuesday
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8.25am.. sp +12pts... 1893.. with a bit of a short-stop cascade.. should see 1905/10 by 11am.

From there, I'm likely hitting buttons.


9.17am.. sp +7pts.. 1888. The 1900 threshold still looks viable by 11am

notable early weakness, TVIX -4%