Monday”s 3:10-3:20 timing window avoided

Monday”s 3:10-3:20 timing window avoided breaking under the bias environment”s 2072.50 low. That was the last opportunity for sellers to gain traction. After firming into the position-squaring window at 3:37, a surge was suddenly attacking the afternoon”s 2078.25 highs. That was the likely alternative to trending down.

Actually, the late surge stopped pessimistically short of probing fresh session highs. That”s not quite “ineffectual pessimism” when its context is a session spent entirely in negative territory. But neither does it reflect bottom-fishing, or refueling sellers — neither is a contrarian matter, but either could have undermined a further recovery if failing to hold up through the close.

No unfinished business below was left outstanding, so gapping down Tuesday would be considered new sponsorship. And trending up overnight would be credible for resuming last Wednesday”s confirmed breakout.

More details were discussed during the post-market Wrap, recorded here:
https://roddavid10.mitel-nhwc.com/join/hthtkhc

Overnight links to view chaRTroom action:
XP-Friendly: http://anymeeting.com/748-955-488
non-XP ilinc: https://roddavid10.mitel-nhwc.com/join/bfyytsh