Pre-Market Brief

Good morning. Futures are essentially flat, we're set to open around sp'1888. Precious metals are higher, Gold +$5, with Silver +0.9%. Equity bulls merely need to hold the 1880s into the Friday close, which will be enough to keep the weekly cycle on a bullish track into June.


sp'60min

Summary

As for today, there is a fair amount of econ-data for Mr Market to churn through. We should certainly see some price movement this morning.

Best guess..the 'general' upside continues....and we move into the 1890s..whether today or tomorrow.
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With a 3 day weekend ahead, I have next to zero inclination to take on any new positions. I will reassess across the weekend.

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Video update from Oscar



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Good wishes for Thursday trading
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8.32am.. Jobless claims up somewhat..327k...

sp +1pt....the one notable movement is in Gold, now +$10


9.38am.. opening minor chop...

3 pieces of econ-data due across the next 20 minutes...

Hourly MACD cycle looks prone to rolling lower...1880/75 viable today...not that I would get excited about that.
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Strong storm about to hit here in London city....I am braced for impact!


9.49am...whilst I endure a fierce storm.....

sp'1891....urghhh....bears all getting washed away.