Market Wrap (recording & summary)

Potential for a pullback limited to 2387.25-2388.25 had failed to hold this morning, when the 2389.25 bias-down signal put into play 2384.25. Potential to isolate the excess dip also failed, when the bias environment was exited under 2387.25-2388.25.

Closing above 2387.25-2388.25 would have sufficed. That was difficult for a drop into Thursday’s close that had extended down to 2378.00 from Wednesday’s 2395.00 close. Gapping up above its 2391.25 prior high Friday — not just to it, but through it — might also suffice.

Otherwise, the next lower objective in-play is 2372.25-2373.75, and then potentially “lower prior highs” at 2368.50 or 2364.00.

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

Monitor overnight Globex trading in the chaRTroom here.