Market Wrap (recording & summary)

In the end, Tuesday was an Inside Day, contained within Monday’s range. An upward bias that doesn’t gain traction tends to resolve bearishly. And Friday’s confirmed breakout requires at least an eventual fresh low close.

Tuesday did isolate Monday’s probe under Friday’s 2826.00 low. Which helps to reinstate Monday’s Isolation setup. Closing above Monday’s ~2844.00 high would have confirmed, and would have been reliable for retesting last week’s ~2864.00 high. None of which is very credible without gapping up Wednesday.

Only some unfinished business above was neutralized Tuesday. But enough was neutralized to enable sellers to come back in. That they didn’t — that Tuesday held its highs, does suggest at least a brief probe of fresh highs overnight.

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