Post-market Wrap (recording & summary)

1-minute and 3-minute RSIs didn’t actually diverge negatively into the 2047.50 high. With the 1-minute, RSI had not been overbought since much earlier and a little lower. As for 3-minute, RSI barely left overbought territory.

All of this developed upon touching last Tuesday’s 2047.50 actual high. Just touching last Monday’s 2044.50 pivotal high had required  testing 2047.50. Already neutralizing the higher attraction tends to undermine the upside momentum.

All of this also developed while trending to fresh session highs through the 3:10-3:20 timing window. Barely. It was a net total of 2 ticks, or 6 ticks from high to low. The timing would complement the bias environment exit to reflect buyers gaining traction. Does 2-6 ticks deserve a benefit of the doubt for rewarding buyers with a Wednesday morning rally?

Extending higher would next target 2051.00 and potentially 2056.25. Nothing requires maintaining a higher high. But Tuesday morning’s probe under support through the opening windows does suggest a retest of its low.

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

Monitor overnight Globex trading in the chaRTroom here.