Pre-Market Brief

Good morning. Futures are a little higher, sp +2pts , we're set to open at 1985. Precious metals are similarly higher, Gold +$2. Equity bulls have fair opportunity of the sp'1990s today..or tomorrow, the QE will no doubt help.


sp'daily5

Summary

So.. we're set to open a touch higher, on a day when the market will see another $2bn or so of QE thrown at it.

Price structure on the hourly chart is a baby bull flag, and it might take another 2-4 hours to complete. Regardless, I'd expect a net daily gain.
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Mr Permabull returns... from the basement.


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Good wishes for Wednesday trading.