Market Wrap (recording & summary)

REMINDER: I’m away from the screens Friday. The chaRTroom WILL be open. Morning Market Tour and bias parameters WILL be available. I’ll try to update before the final hour.

Thursday’s pullback from the 2416.50 morning high was relatively deep, attacking 2410.00. The balance of the session recovered back to the morning’s high, without gaining traction for the effort. That didn’t prevent a last-minute 3-point surge attacking 2418.00, only maintaining it. The surge reacted down 5 points through the close, as quickly as it had developed.

Now 2415.00 has been fulfilled, and held as resistance. The rally gained no traction. And a gap is outstanding back down to Wednesday’s close. Friday morning is more vulnerable to a catalyst than was Thursday afternoon, so trending higher can’t be discounted. Otherwise, backing-and-filling down to 2404.00 or 2401.00 is likely. Actually trending down into the weekend would be difficult without already being obvious during the morning.

Details and other markets coverage are discussed in the post-market Wrap recording here.

Monitor overnight Globex trading in the chaRTroom here.