Day trading pre-market open December 10, page-2

Morning - some very brief notes after what would appear to have been a very important session in New York:

There is a high probability that we saw a key reversal in New York overnight – particularly in tech. A key reversal day is signalled when the high is higher than the previous day and the close is lower than the previous day’s low.

And not to be outdone – gold rallied up to the overhead resistance I mentioned in my notes on Monday, actually it got to 1870, and is already back to its first support. Will need to watch the performance around this area.

XJO continued to register new highs for this move but caught in a very steep uptrend that would be broken on any downturn.