Pre-Market Brief

Good morning. Futures are moderately higher, sp +8pts, we're set to open at 1886- a mere 11pts (0.6%) from breaking a new historic high. Precious metals are higher, Gold +$7, with Silver +1.7%. Equity bulls have good opportunity today, of widening the door to new highs.


sp'60min

Summary

Hourly index cycles are most certainly in favour of the bulls this morning, if not most of the day.

A daily close in the 1890s would be a major achievement, and open up a break of the 1900 threshold Tue/Wednesday. If that is achieved, a further 20pts seem viable, by late May.
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Video update from Oscar



So..it would seem Mr C. is back on the bull train. He sure has flipped back and forth lately.
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I will be elsewhere for the open...back at 11am (probably).