Market Wrap (recording & summary)

No decline, collapse or plunge ever resumed — the noon hour and on was spent fluctuating around unchanged at 2772.00. But buyers gained no traction for their efforts, and the Ascending Triangle’s retracement was retained.

Friday afternoon’s bearish WedEX influence was intact, after the overnight and morning’s rally was absorbed. A more obvious bearish influence is likely to develop at Monday’s open, regardless of opening flat or gapping in either direction.

A very late sell signal triggered and produced several points through the close. But not to fresh lows, which would have made a compelling hold-short. Oversold RSIs at the high will be Monday’s likely attraction if no decline, collapse or plunge has yet resumed.

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