Market Wrap (recording & summary)

Trending up through expiration’s open did not define the balance of the session. Already meeting and holding the 2272.00 bias-up target was inhibiting to some degree. But that’s not what triggered dropping back down to 2260.00, essentially filling the gap back to Thursday’s close.

Ultimately, positive territory was maintained throughout. The open’s anchor is still an attraction above, as is the requirement for a new trend high close, and likely test of 2278.25. It’s interesting that the rally couldn’t exploit the opportunity for another new trend high close on a Friday, which would have further entrenched itself.

Unfinished business below remains outstanding from oversold RSIs at Thursday’s 2253.00 low, and at the prior week’s 2248.50 actual low. There continues to be no particular timing requirement for either.

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

Saturday Review at 9:30 ET — its link will be emailed overnight.