Post-market Wrap (recording & summary)

It was like watching a basketball ride the rim in circles before momentum had finally allowed gravity to suck the ball through the hoop. The afternoon’s drop from 2004.50 down to 1988.25 was recovered back up to 2000.25.

Although post-close action extended up to 2002.00, the cash session’s last last-minute leg was a surge from 1995.50.  So, closing slightly positive Monday was fulfilled.

That wasn’t the session’s likeliest scenario. It was the likeliest scenario to maintain a topping pattern. A topping pattern that should start trending back down already Tuesday afternoon or Wednesday morning.

The alternative is to resume the rally by Tuesday afternoon or Wednesday morning. There is no bullish or bearish reason to hover here for any longer.

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

Monitor overnight Globex trading in the chaRTroom here.