Post-market Wrap (recording & summary)

Monday’s open gapped up considerably to 1932.00 and soon trended sharply higher to 1943.00. Still being governed by the bullish WedEX signal, a reaction down could not gain traction. And the reaction down to 1936.00 did not gain traction, instead recovering to a fresh session high at 1943.75.

Now a reaction down can gain traction. Not just trending down, but gapping back down under lower prior highs like 1923.00-1927.00 to form an Island. Otherwise, just dipping into their test would be attracted back up to Monday’s 1932.00 opening gap.

Overbought RSIs at Monday’s 1943.75 high require a retest, too. That can be neutralized overnight, although any complexity would require probing fresh highs intraday, whether only to 1946.00 or to 1952.00-1953.00.

Details and other markets coverage are discussed in the post-market Wrap recording here.

Monitor overnight Globex trading in the chaRTroom here.