Post-market Wrap (recording & summary)

Two elements point higher. First, Monday’s intraday targets and their room for noise attracted price and then resisted it. Meeting them precisely helps to confirm the pattern I’m tracking, which included knowing the day would trend up if the open wasn’t plunging. And it’s a bullish pattern

Second, Monday’s rally gained traction for its effort. The bias environment exit was above the noon hour’s high and the final hour entry was higher. Tuesday morning should trend higher.

Expending so much buying pressure throughout most of Monday, there’s some cautiousness. Did the recovery attempt extend itself too far too quickly? The past two weeks began with session-long rallies, too, and both failed. Still, not skepticism, just caution.

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

Monitor overnight Globex trading in the chaRTroom here.