No change in the outlook from the overnight session. Lots of people will be looking for consolidation and another push-up. While it is possible that the markets can hold up for another day or so, data/probabilities do not support this potential highly. Most probable is that a larger and pronounced decline is upon the equity markets. We are in the daily turn-window, Weekly turn window - which has a bit more latitude and intraday MSP
(market structure projections) that significantly supports down bias for day session with highs early in session. Key timing for today is at 930am and 230pm. See below for the links to the intraday and weekly MSP
charts and additional commentary.
Intraday projection link.
Daily/Weekly projection link.
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