Post-market Wrap (recording & summary)

WedEX triggered actively bullish thanks to a single session, not two, which leaves it vulnerable to rejection at Thursday’s open. Gapping down under 2006.00 would suggest that Wednesday’s new high close was an anomaly.

Not gapping down would avoid invaliding the bullish WedEX, but a second consecutive higher close would help to confirm it. It would also confirm Wednesday’s breakout, the first fresh high close from a multi-session range.

Gapping up would be more helpful, yet, since Wednesday afternoon’s buyers didn’t gain traction for their efforts. So, gapping up is the only credible path to immediately extending the rally.

Each of the setups is vulnerable to non-confirmation, invalidation or inversion. But that’s probably not too much of a risk if Wednesday’s rally is maintained through Thursday’s open.

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

Monitor overnight Globex trading in the chaRTroom here.