Pre-Market Brief

Good morning. US equity futures are a little higher, sp +4pts, we're set to open at 2087. The USD is cooling, -0.3% in the DXY 99.30s. Metals are seeing a bounce, Gold +$3. Oil remains weak, -1.4% in the $41s.


sp'60min

WTIC, weekly2

Summary

*The third consecutive red candle for Oil.  The $40 threshold remains key for Oil, if lost, it'll certainly put some downward pressure on the main market.
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For the wave counters out there, if the move from 1871 to 2116 is wave'1... 245pts... do we just add 245pts to the Monday low of 2019 as a min' upside target for wave'3?

If so... that would suggest (at minimum) sp'2264.... in about 6-9 weeks time.
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Overnight Asia action

Japan: +1.1%, solid gains, the big 20K threshold is imminent
China: +1.4% @ 3617..... morning chop, but then surging into the close.
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Have a good Thursday