Dude, where”s my session-long rally?

Dude, where”s my session-long rally? Perhaps the open”s setup had gotten a little ahead of itself overnight, and then again after the open. Probing above Friday”s entire session and not just above its afternoon high expended a lot of extra energy unnecessarily.

The morning peaked where expected in the 2121 area. The noon hour”s counter-trending dug deep back to 2112.25. But then systems just sort of shut down going into the afternoon”s bias environment, which triggered a late bias-down that wasn”t at all productive.

Buyers didn”t become trapped while retaking control after the noon hour, they just never retook control — and sellers didn”t exploit the opportunity. The rally”s sponsorship was never invalidated, as the session-long template just stopped tracking while the balance of the afternoon ranged choppily sideways.

New highs remain in-play. Resuming the rally overnight to gap up Tuesday is the most reliable path higher without becoming immediately vulnerable to reversing back down intraday. Otherwise, Monday”s flat afternoon bleeding into Tuesday”s session will undermine any intraday rally effort.

Here”s more detail in the post-market Wrap:
https://roddavid10.mitel-nhwc.com/join/shwhwmj

(Check this post”s comments section later for the overnight chaRTroom links)