Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open at 1938. Equity bulls need to break the Monday high of 1944, which will open up the 1950/55 zone. Metals are trying to bounce, Gold +$3. Oil is weak, -0.4%.


sp'60min

Summary

As noted yesterday, price structure is a rather clear bull flag. I'd be very surprised if we break lower this morning. In theory, we should break above the flag this morning, into the 1950s.

*I am long..and will look to exit somewhere in the 1950s.
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Update from Mr C.


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Good wishes for Tuesday trading.


9.18am.... indexes turning red.. . sp -3pts.. so.. 1933.

Regardless...daily charts are pushing UP... 


9.38am... spike floor 5/15 min cycles... market wants to climb.