Market Wrap (recording & summary)

I’m unavailable for Monday’s final hour, so the Market Wrap was held early. At that time, the morning’s 2749.25 high remained intact. So did resistance at the afternoon’s 2747.00 bias-up signal. But neither was yet rejected.

The open’s surge had been retraced to the open, which held its test. Two tests, actually. Its recovery to 2747.00 was corrected but not reversed. And 2747.00 was being retested into the final hour. But it wasn’t (yet) recovered.

Closing beyond either end of 2743.00-2747.00 would be likely to extend in that direction, but still needing confirmation on Tuesday. Closing beyond either of the 2743.00-2747.00 range would still be vulnerable through Tuesday’s open to reverse sharply.

Details and other markets coverage are discussed in the post-market Wrap recording here.
Monitor overnight Globex trading in the chaRTroom here.