Post-market Wrap (recording & summary)

Obligatory resistance at Monday morning’s 2058.50 high wasn’t recovered before the close. Pressuring price down through the 3:10-3:20 timing window prevented confirming that the final hour’s entry above the bias environment’s high had gained traction. Trending up Tuesday morning is unlikely without gapping up.

The pressure persisted into the cash session close and down to unchanged at 2052.25. Holding 2056.00 as support, or recovering it, would have made an overnight rally a little likelier. It’s still possible, but it’s still not required.

Without signaling a recovery is underway, the door remains open to resuming the ongoing decline. More than retesting Friday’s 2030.50 pre-open low down to 2027.00, resuming the ongoing decline would mean sharply lower lows. And it would probably begin aggressively by gapping down.

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

Monitor overnight Globex trading in the chaRTroom here.