All unfinished business below was

All unfinished business below was neutralized Monday. But no accumulation pattern formed — or, at least, none was triggered. A recovery is possible, but not signaled. And not recovering here is very vulnerable to extending the decline considerably.

Closing under 2078.75 would have signaled a more substantial drop underway. Perhaps one is, but 2078,75 was still being overlapped at the close and not broken decisively. It was probed down to 2076.25 before the futures close, which anyway recovered to 2079.

A short-squeeze setup wasn”t exploited. Sellers didn”t exploit that opening, either. But if that wasn”t just a delay and Tuesday”s open isn”t already rallying through Monday afternoon”s 2086.25 high, then the morning is probably extending down sharply,.

Monday afternoon”s 2086.25 high printed before the final hour, and before the close trended down. Gapping up above 2086.25 Tuesday would still be credible for forming a session-long rally.

More details were discussed during the post-market Wrap, recorded here:
https://roddavid10.mitel-nhwc.com/join/vsmbwvb

Overnight links to view chaRTroom action:
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