Pre-Market Brief

Good morning. Futures have turned around from sp -5pts overnight, to now +3pts, we're set to open around sp'1432.  That's a pretty good turn, but we do need to break the recent high of 1438.

Target remains 1445, that may take as long as tomorrow to hit.


sp'60min

sp,daily5

Summary

So, those bears looking for follow through after yesterdays closing hour weakness will be annoyed at the overnight swing.

I've seen plenty of others out there though suggest this is some kind of fourth wave, with one final push into the low 1440s...just as I am looking for.






If we can somehow break over 1440 today, I will be very tempted to re-short ahead of the German court ruling and FOMC.
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*it is now eleven years since that fateful morning.... a reminder that we're all only getting older.

Good wishes for Tuesday trading.