It’s busy in the pre-market and the big story is bonds.

The last update, using Wyckoff as the example, said bonds would break to the upside from the wedge formation.

Sometimes before such a break, there’ll be a momentary push in the opposite direction.  Then the real (reversal) move starts. That may be what’s happening now.

Looking at TLT, pre-market is trading below well-established support.  If that’s where TLT opens, it may be the last gasp for the bears. 

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.