Market Wrap (recording & summary)

Has anxiousness ahead of Wednesday’s FOMC meeting already begun to paralyze price action? Do HFT algos stay offline coming out of daylight savings adjustments as the market absorbs the circadian shock?

Monday was essentially a so-called nothing burger. Its positive close isn’t cumulative to the prior two for signaling strength. The inside day isn’t even contrarian, as no timing windows trended. Both the morning and afternoon’s no-biases triggered without touching either bias signal.

The same predictive behaviors defining Monday’s open can be applied Tuesday. A retest of Thursday’s low is still a risk. Resuming the rally is likely, regardless.

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

Monitor overnight Globex trading in the chaRTroom here.