Pre-Market Brief

Good morning. Futures are a little lower, sp -2pts, we're set to open at 2077. The door is open to a test of the rising 200dma (2045). USD remains weak, -0.1% @ DXY 95.20s. Metals are naturally rising, Gold +$7. Oil is jumping 1.9%, back in the $59s.


sp'daily5

sp'weekly7

Summary

*a second consecutive red candle on the weekly 'rainbow' cycle. The best 'doomer case' in the near term is the lower bol', currently in the 2020s, although I find that extremely unlikely.
--

So, we're set for another marginally weak open.. and market mood sure doesn't seem so positive.

Again, I'll refer to INTC, which is highly suggestive that the market is more inclined to head lower right now... at least for a few more days.

Overnight action: Japan, -1.8% @ 20096. Post G7 depression for Kuroda?
--

Have a good Tuesday