The flag formation on declining volume is intact, but we are still overbought. The trend line held as support on the open as higher than expected inflation led to a shaky start. A drop in oil prices later in the session kept the markets near intraday highs in mostly sideways action.
ADSK gapping higher on earnings.
Economic calendar: Capacity utilization, Industrial production at 9:15 and Michigan sentiment at 10:00.
There might not be a pre-market post again tomorrow as I have more errands to run in the early a.m.
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