Post-market Wrap (recording & summary)

The decline from 2059.50 touched 2048.75 as Thursday’s bias environment was being exited under the noon hour’s low. But the final hour’s entry was still overlapping the bias environment’s 2050.50 low. So, sellers gained no traction for the substantial effort.

At least they prevented closing above 2056.00, despite having probed above it for a second consecutive day. But the close was also maintained above its 2051.00 counterpart, a small victory for buyers.

Without gaining traction, trending Friday must begin by gapping beyond a prior relevant high or low. Lacking the basis for a “session-long” decline or rally setup, trending through the morning would be vulnerable to reversing. The next higher attraction above is 2067.00-2068.00, and below is 2044.50 and 2039.25.

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

Monitor overnight Globex trading in the chaRTroom here.