Post-market Wrap (recording & summary)

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(FYI — I’m aware the new email system is truncating the content. I’ve asked the developer to correct this, but you’ll need to follow the blog’s link meanwhile.
Thank you!)

The no-bias environment’s rally came within 1 point of its 1988.75 target before gravity sneaked in. I never found sellers credible for retaking control since the drop had originated so late. But it did bottom upon retracing both the 1981.00 bias-up signal and the 1977.50 print. And eventually rallying after the position-squaring window did meet the 1988.75 target.

Buyers gained no traction, as exiting the bias environment above the noon hour’s range didn’t extend up into the final hour’s entry. So, resuming the rally Thursday will require gapping up. Extending higher anyway would be doomed to failure. Wednesday had a similar condition, and did gap up — that didn’t prevent an intraday dive but the dive did recover.

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

This evening, monitor overnight Globex trading in the chaRTroom at the ilinc platform only this week:
  non-xp ilinc