Pre-Market Brief

Good morning. Futures are moderately higher, sp +7pts, we're set to open at 2107. Equity bulls have a high probability of breaking above key resistance of 2111, opening the door to new historic highs. Metals are bouncing, Gold +$5. Oil is a touch weak, -0.3%


sp'60min

Summary

It would appear the baby bull flag will be confirmed at the open... and there looks to be a high chance that we'll take out the recent peak of 2111 this morning.

A daily close >2111 would give clarity that the market will likely battle upward into early May... at least to the 2130s.

Despite what many thought, earnings are generally coming in 'reasonable'.

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Update from Oscar


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Have a good Tuesday