Monday was an easy day,

Monday was an easy day, and that is despite the morning”s plunge stopping short. The subsequent rally would not have been possible without the morning”s plunge at least neutralizing some attraction below, which it did, by probing under Friday”s “ineffectual optimism” lows. But that didn”t extend down to probe under last Tuesday”s 2096 low, and it left outstanding an interim objective at 2098.50.

Did Monday”s late drop to 2109 start the process of resuming the decline? It originated from the afternoon”s 2118 bias-up target (met to within 1 tick), so there is no unfinished business above.

But the late drop”s origin undermines its sponsorship, coming from above all prior intraday highs, after entering the final hour. The late drop fulfilled the 2115 signal”s selling pressure at its 2110 target. The target was still being overlapped as RSIs diverged positively. Also being overlapped — and not broken — was the afternoon rally”s earlier buy signal.

Greece headlines promise to be active overnight, based on news that was hitting after the close. Having trended down into Monday”s close, gapping Tuesday above Monday afternoon”s ~2118 high would form a session-long rally setup. Otherwise, one or two attractions below will be glad to make good use of the wait.

Here”s the post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/vsmbmrz

And the overnight chaRTroom links:
XP-Friendly: http://anymeeting.com/599-949-670
non-XP ilinc: https://roddavid10.mitel-nhwc.com/join/bfyytsh