Pre-Market Brief

Good morning. Futures are moderately higher, sp +5pts, we're set to open around 1697. Precious metals are a touch lower, whilst Oil is +0.3%. Equity bulls need a daily close in the sp'1700s, which would be enough to break the downward trend.


sp'60min

Summary

*econ-data just came in 'reasonable',  GDP Q2 2.5%, with weekly jobless of 305k,
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So, we're set to open a little higher, and the hourly charts are offering some distinct underlying upward divergence.

Six days lower, or...the start of a up trend?  I'm guessing it will be the latter.
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early notable mover: FB, +1.4%..now in the $50s.
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Video update from Mr Permabull...



Interesting day ahead...hopefully.


9.38am.. down trend..is being broken.  Bulls terminating the down trend.