More unfinished business above can
More unfinished business above can be added to Monday afternoon”s 2128.25 bias-up target that was left outstanding. Now also Tuesday morning”s 2117.50 bias-down signal must be revisited, since the drop under it originated during a no-bias environment. (Often, the 10:15 pint is also revisited, which is 2118.75.)
Adding objectives that lie on a path to an existing objective might seem unnecessary. But more than just another attraction above, it is extra context for knowing the current drop”s sponsorship is weak-handed. And that”s the assumption, that the rally will resume.
New unfinished business below was added, too. Tuesday afternoon”s 2105.50 bias-down target was triggered cleanly, and the attempt to invalidate it stopped short. It can be tested overnight and already rejected before Wednesday”s open. It may not be tested at all at this stage.
LAST-MINUTE ADDITION:
AAPL”s earnings came with a warning and lower sales in China. S&Ps had bounced to 2115.50 through Tuesday”s close, but plummeted to a fresh low at 2107.25 (so far).
More detail and other markets coverage is in the post-market Wrap:
https://roddavid10.mitel-nhwc.com/join/fbkhphx
Monitor the market overnight in the chaRTroom:
XP-Friendly: https://www.anymeeting.com/006-691-751
xp UN-friendly: https://roddavid10.mitel-nhwc.com/join/shkphyy
