Market Wrap (recording & summary)

Sunday night’s relentless, single-minded trending had paused at 2455.50 several hours before Monday’s open. It resumed immediately, and peaked at 2466.50 during the morning’s bias environment. Ranging narrowly back down to 2463.00 finally probed down a couple of points while the bias environment was lapsing. But only momentarily, and eventually recovered back to the range’s upper-end.

Ultimately, a last-minute attack on the morning’s 2466.50 high was reversed by a last-second probe under 2463.00. The next higher objective at 2471.00-2473.50 was not put into play. That’s not necessarily bearish. The late probe down to 2461.00 never extended to close under 2459.00, so Thursday’s trend change signal is in jeopardy. It would be saved either by Tuesday’s open breaking back under 2459.00, or by closing under Tuesday under Monday’s 2454.00 low.

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

Monitor overnight Globex trading in the chaRTroom here.