Market Wrap (recording & summary)

The recent tradition of morning trending into afternoon ranging was reversed Thursday. Gapping down ranged choppily sideways, and an afternoon retest of the morning’s high reacted down sharply.

Granted, the afternoon’s plunge was a headline reaction. And the morning’s bias window exit was probing fresh session lows. But sellers gained traction for their efforts, exiting the afternoon bias window and entering the final hour under their prior timing window’s lows.

Nevertheless, “unfinished business” was left outstanding above at the afternoon’s 2818.00 bias-up target. Which would be an attraction, especially if Friday’s open is gapping up above Thursday afternoon’s 2913.00 high, which is definitely possible if Friday isn’t extending Thursday’s drop to unfinished business below at 2892.25.

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