“Ineffectual optimism,” not strength, was

“Ineffectual optimism,” not strength, was responsible for Tuesday”s late-afternoon hovering just above session lows. Perhaps not such dumb strength, since delaying a fresh low until overnight can inhibit it from extending down. So, already fulfilling the 2088 test could greet Wednesday”s open in rally mode.

Rallying anyway Wednesday would be credible, but much more credible if gapping up above Tuesday”s 2096.50 noon hour high, or above the morning”s 2100 resistance. Upside attractions include Monday night”s 2103.75 high up to 2105.50, and then new highs.

Failing to hold 2088”s “lower prior highs” would keep all of Wednesday under pressure. Details and other markets coverage were discussed during the post-market Wrap, recorded here:
https://roddavid10.mitel-nhwc.com/join/zvvcrck

Tonight”s chaRTroom links, which you”ll need after 6:30ET:
Win XP-Friendly — http://anymeeting.com/431-788-687
non-xp friendly — https://roddavid10.mitel-nhwc.com/join/shkphyy