Monday”s 2082.25 bias-up target was

Monday”s 2082.25 bias-up target was met within 3 ticks, so it is NOT “unfinished business above” which would require being fulfilled. RSIs weren”t overbought at the 2081.75 high, so it does NOT require being retested. The final hour”s entry and 3:10-3:20 windows each pierced their prior highs by a couple of ticks while still only overlapping the bias environment”s 2081.00 high, so buyers did NOT gain traction.

All of which would have been pent-up selling pressure if left outstanding into the close. Instead, the a last-minute dip ended the cash session at 2078.00, and extended down to 2074.50 into the futures close. So much for pent-up selling pressure.

Not that the last-minute decline can”t extend down, a lot. But the vulnerability has been greatly reduced. Back above 2079.00 would suggest momentum had reversed back up to resume the rally. The post-close dip could extend down to 2068.00 before suggesting it”s going to try reversing the recovery attempt.

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