Market Wrap (recording & summary)

Monday’s opening probe under Friday’s low and the overnight low down to 2415.75 was relatively brief. And it was largely retraced up to 2429.50. But it was not rejected, since no relevant level was recovered through any relevant timing window.

A late-afternoon attempt to resume the decline under 2422.75 was retraced by a later-afternoon bounce testing 2428.25. Both levels held, preventing any hold-long or hold-short consideration. So, the decline could continue without further delay. Or it could be retraced a little further to retest Friday morning’s 2439.50 high.

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

Monitor overnight Globex trading in the chaRTroom here.