Pre-Market Brief

Good morning. Futures are moderately lower, sp -3pts, we're set to open at 1978. The near term trend remains pretty strong to the upside, but there will be stiff resistance in the 1990/2000 zone.


sp'60min

Summary

Market will likely see minor chop until 2pm... when we have the Fed press release of the latest FOMC minutes.

For those seeking a break of the wave from 1904, it would seem more likely to occur this Friday, when we have Yellen at Jackson Hole.

Even then.. downside looks limited to 1950/45...at best, by early next week.

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Video update from Oscar


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Good wishes for Wednesday trading!