Market Wrap (recording & summary)

2278.25 calculable objective tested, check. Held, without closing higher and putting into play any higher objective? Also, check. New high close, check.

No unfinished business remains outstanding. No higher attraction can be put into play until Wednesday’s close. It couldn’t be confirmed until Thursday’s close. Intraday action might exploit this as an opportunity to probe higher. Tuesday afternoon’s rally did gain traction, so probing higher Wednesday morning is likely, anyway.

Extending higher through Wednesday’s close would have potential up to 2320.00. Meanwhile, fresh highs are vulnerable to reversing down, hard.

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

Monitor overnight Globex trading in the chaRTroom here.