Market Wrap (recording & summary)

Potential for extending the current bounce up to 2433.00 is moot, now that Wednesday has closed above it. The low was essentially the open’s test of 2435.50, or 3 ticks lower. Intraday extended to attack 2444.00 and reacted down only 4 points into the close.

A second consecutive higher close isn’t required in order to extend higher eventually. But it would provide helpful confirmation that a subsequent pullback was only temporary. Already pulling back Thursday morning has considerable room before reversing momentum down.

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

Monitor overnight Globex trading in the chaRTroom here.