Pre-Market Brief

Good morning. Futures are moderately lower, sp -4pts, we're set to open at 1833. Metals are similarly weak, with Gold -$4. Equity bulls need to hold the recent 1823 low, but even then..the real support is not until 1810/00.


sp'60min

Summary

*ADP jobs data came in better than expected @ 238k.
--

So, we're set to open a little lower, but really, price formation is a bull flag on the hourly cycle, and baring a break <1830, and then 1823, we should in theory just battle upward as the day progresses.

Market has the FOMC minutes report to deal with at 2pm..so..look for that as the excuse for a latter day ramp.
--

notable early mover: TWTR -4%, F, +1.3%, although the latter is still holding within a bear flag.