Post-market Wrap (recording & summary)

This is interesting, for how uninteresting it is.

It’s difficult to reverse intraday trending that exits a Friday’s bias environment beyond the session’s other timing window extremes. That doesn’t require extending the trend, although that’s often the result. And it doesn’t prohibit reversing anyway, although that’s rare — and short-lived when it happens.

Friday’s bias environment began lapsing at its 2050.50 bias-up target. It had been probed already up to 2052.25 a couple of times. Narrow ranging around it up to 2052.25 persisted for another hour.

Doesn’t seem interesting, I know. But considering the session had recovered from probing negative territory, maintaining the recover is actually pretty interesting. More so, the recovery came from pinting new lows for the ongoing decline, new lows that had satisfied the decline’s 2030.00 and 2035.00 objectives

Closing above at least 2056.00 would have been more interesting, confirming the decline has ended. Gapping up sufficiently Monday would serve by proxy, and be more capable of launching a recovery. Otherwise, resuming the decline could still hold a retest of Friday’s pre-open lows down to 2027.00 before suggesting the decline is extending.

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

The link to this weekend’s Saturday Review will be sent overnight, well ahead of the 9;30am ET start.