Post-market Wrap (recording & summary)
Wednesday’s 3:10-3:20 timing window trended up to fresh session highs. This confirms the rally gained traction by exiting the bias environment at 2:30 above the noon hour’s highs. And that makes Thursday morning likely to trend higher. It can be inverted by triggering any bearish setup at Thursday’s open.
Oversold RSIs were left outstanding at the morning’s 2076.25 low. Its retest is the only “unfinished business below” left outstanding. It had come within 3 ticks of the bias-down target, and the morning’s bias environment exit was recovering its 2081.00 bias-down signal. So, the detour was earned. But the detour won’t last forever.
Closing Wednesday above 2091.00 — and not just overlapping it — would have helped to maintain the afternoon rally’s momentum (closing above 2095.00 would have been optimal). Having gained traction Wednesday afternoon, resuming the rally doesn’t require gapping up — but it would be helpful to confirming fresh highs targeting 2110.00 remain in-play.
Details and other markets coverage are discussed in the post-market Wrap recording here.
Monitor overnight Globex trading in the chaRTroom here.
