Market Wrap (recording & summary)

Did Friday morning’s 2450.00 “lower prior highs” hold their test as support? That would have been expected if tested Monday morning, the first day retracing the new trend extreme. But the one-day delay had more potential to probe lower — and not just the room for noise down to 2448.25 that defined Tuesday’s low.

Nevertheless, the test resolved up into the noon hour and through the afternoon bias environment exit. The gap back to Monday’s closes was filled up to 2458.50. “Unfinished business above” at 2459.75 was left outstanding, as well as the requirement for a new trend extreme close. And now with the NDX attacking its prior intraday highs, all three major indexes may come in sync with each other so that an apogee can form.

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

Monitor overnight Globex trading in the chaRTroom here.