Market Wrap (recording & summary)

Wednesday night’s decline was substantial, and it tested relevant attractions below. But nothing that required being neutralized. An attraction that required being neutralized was only attacked to within 3 ticks at the 2416.25 low. That takes care of that, for the rest of the day and a 16-point rally to attack 2433.00. But a lot of impatient buying is reflected in not fully testing the objective, while also piercing the overnight low by only 1 tick — while leaving outstanding a retest of last Friday’s oversold RSIs at 2412.50.

Friday afternoon’s bearish WedEX could become influential after the morning extends Thursday’s recovery. Or Friday morning could already have resumed the decline, before resolving down further. Being a Friday, the morning’s bias is likely to persist through the noon hour. And attacking this week’s lows intraday would be likely to break lower.

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

Monitor overnight Globex trading in the chaRTroom here.