Pre-Market Brief

Good morning. Futures are fractionally lower, sp -1pt, we're set to open at 1958. Precious metals are moderately weak, Gold -$6, with Silver -0.5%. There is high potential for a further minor wave lower to the sp'1940/35 zone by late today/early Friday.


sp'60min

Summary

We have the big USA vs Germany game at 12pm EST, and frankly..my attention will be on that today.

Anyway, lets see if the market can break lower this morning, with weakness to the lower 1940s... we're only talking about a fall of 1% or so.

--
Video update from Carboni


--

Good wishes for Thursday trading
-

9.35am.. It is a bear flag... as I was noting yesterday.

In theory.. we should at least hit the low 1940s today...maybe a brief venture to 1935 or so, with VIX 13s


9.38am.. oh great, stockcharts is having 'issues' again.

9.40am.... bear flag is being provisionally confirmed.... looks like we'll see that 1940/35 zone today.

9.43am.. typically... I'll be looking for a floor around 2.30pm or so.  VIX about to break into the 12s.