Bull won’t give up: Market Pulse
S&P Futures are holding steady right up against yesterday’s highs into this morning’s trading session. Initial intra-day support remains in tact down at 2550, which is current day trade interest. Looking for some kind of dip at this point to support current long interest, but not looking at anything counter to the current trend.
Gold Futures reversed in overnight trading and price is continuing to pull back this morning. I am eying initial support in the 1285 area with secondary support down in the 1277 area which converges with the 100 day moving average.
PN looks strong for a possible breakout into the 1.90 area over 1.50. Bulls have started moving in this morning in pre-market trading and are testing 1.5 into the open. Looking for price to hold here and then will plan to confirm the setup after the open.