Post-market Wrap

But for the morning’s momentary probe above Monday’s 1980.00 high, Tuesday was an “inside day,” contained entirely within Monday’s range. It might have seemed more substantial, being under pressure the entire day. But recall that was the expectation for the day before it even began. The rally need not resume without delay. And it won’t resume soon if Wednesday’s open is already trending down. Otherwise, the recovery is vulnerable again to resuming Wednesday. Check back for the morning’s First Trade blog post.