[Post-market Wrap recording linked at

[Post-market Wrap recording linked at the bottom…]

Friday”s session was under pressure throughout the day. Throughout Thursday night, for that matter. In fact, downtrending began at Thursday”s 2106.75 opening peak, and extended through Friday morning”s 2082 low. Friday afternoon remained under pressure, but didn”t probe lower lows.

That”s basically the problem with yet being a bottom. Friday afternoon”s lows stopped optimistically short of touching the morning”s low, let alone probing under it. Recovering would be premature, without first testing 2080.50, if not also 2074. And not recovering from either would target a probe under last week”s 2061-2063 lows.

A lot of selling pressure was expended before Friday”s open, but that didn”t prevent extending down. Now much more selling pressure has been expended, without reversing the trend down. If this has been sponsored by weak hands, then its reaction should be substantial — preferably, gapping up Monday after probing fresh lows overnight.

Join us in the morning for this weekend”s Saturday Review. We”ll discuss the two paths down, one of which would first visit new highs. We”ll also discuss the consequences of either, and the potential for simply launching a new rally leg. Then we”ll review any stock chart on demand. Follow this link in the morning:
Saturday Review:
XP-Friendly — https://www.anymeeting.com/757-778-189
not xp-friendly — https://roddavid10.mitel-nhwc.com/join/shkphyy

Meanwhile, here”s Friday”s post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/tybwtys