Pre-Market Brief

Good morning. Futures are slightly higher, sp +3pts, we're set to open around 1641. Precious metals are weak, Gold -$10, whilst Oil is flat. Bears need to push lower into the 1620s by the Friday close, whilst bulls should merely seek a third day higher.


sp'60min

Summary

*Chicago PMI due 9.45am
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So. no major drop at the open, and instead, bulls actually have a chance at making a higher high  this morning  >1646.

Considering the hourly index/VIX charts..I'd be surprised if we don't close at least moderately lower.


9.35am.. weak open...bulls look exhausted.

PMI number will known to some in 5mins..market will react...!

A break into the 1620s would be..useful this morning.