Pre-Market Brief

Good morning. Futures are moderately lower, sp -9pts, we're set to open around 1929. Near term downside target zone is 1910/00, which seems viable Wed/Thursday. USD continues to rally, +0.2%.. which will no doubt help the equity bears.


sp'15min

sp'60min

Summary

*we have an array of econ-data this morning to be mindful of.
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So.. we're set to open somewhat lower, and with the hourly MACD (blue bar histogram) cycles as they are.. bears should be in control for much of today.

Certainly, a net daily decline, although I don't expect the 1910/00 zone today. That seems far more likely to take until tomorrow... perhaps early Thursday.

Good wishes for Tuesday trading!
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update from a returning Permabull



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 8,39am.. sp -11pts... 1927.... just 11pts away from the Friday low. I suppose this could all be wrapped up today.