Market Wrap (recording & summary)

Thursday afternoon’s break under its 2260.75 bias-down signal was no-bias trending that required being retraced. Which it was, literally at the session’s final minute. The 1:20 print at  2262.00 could be retested, too. It’s not required, but meanwhile it’s resistance.

Also meanwhile, oversold RSIs at the afternoon drop’s 2253.00 low require a retest. That could be done overnight, and retraced before Friday’s open to reverse momentum up. At least, the setup would be credible for reversing momentum up. Its dip is likelier to extend down to retest last week’s 2248.50 low.

Rallying overnight to gap up above 2265.00 would also be credible for extending higher intraday. Being expiration, its shock could trend up to new highs into the weekend. Almost any overnight rally would threaten extending higher post-open, but the burden of proof would be on buyers.

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

Monitor overnight Globex trading in the chaRTroom here.