Market Wrap (recording & summary)

Friday Factors didn’t influence the open’s gap up to 2718.00, not to extend higher or to reverse down. The morning eventually recovered to exit the bias environment above its 2721.00 bias-up target. It had held a test when exceeding it would have renewed the bias-up signal, so exceeding it later at least kept alive upside potential. It was extended to 2729.75.

That was the afternoon’s bias-up signal. Its reaction down attacked 2721.00 into the afternoon bias environment. The bias environment recovered back up to its 2729.75 bias-up signal. And then Friday Factors reappeared.

Trending ahead of the bias environment exit formed a setup that would be completed by trending during the bias environment exit. And that trending was up, defining the balance of the session. Closing less than 90 minutes later was almost 20 points higher attacking 2750.00. Being above Thursday’s high essentially confirms the Isolation setup is intact, and that a retest of the prior Friday’s 2755.00 high is in-play.

• Details and other markets coverage are discussed in the post-market Wrap recording here.
• I’LL SEND LINKS TO THIS WEEKEND’S SATURDAY REVIEW IN THE MORNING, WELL BEFORE ITS 9:30 AM ET START TIME.