Post-market Wrap (recording & summary)

So, Friday’s recovery was not an anomaly. It was extended Sunday night and throughout Monday. It’s also not a novelty, since it didn’t launch from trend lows but from a pullback. Vulnerability to a corrective pullback increases when buyers don’t gain traction for their efforts, as with Monday afternoon. Gapping up would signal instead that the rally had attracted new sponsorship without need of a correction.

Assuming no gap down, the rally has now retraced into the orbit of last month’s FOMC announcement. Overbought RSIs at its 2011.75 high are an attraction. A pullback first could be triggered under 1972.00 and have room down to 1956.00. So long as 1960.00 holds through the close, the trend remains up.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/kfykxhh

This evening, monitor overnight Globex trading in the chaRTroom at:
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