Post-market Wrap (recording & summary)

Wednesday’s cash session ended at 1986.00 much like Tuesday, with a compelling basis for a hold-short. Also like Tuesday’s close, the lower objectives still in-play at 1980.25 or 1978.75 have potential for launching a pre-open rally if tested overnight.

Unlike Tuesday, sellers gained traction, but not decisively. The bias environment exit and final hour’s entry each were barely piercing their prior timing window lows. But buyers certainly weren’t making an effort, so lower lows remain likely, but also vulnerable to reacting back up.

Meanwhile, Tuesday’s break under the Friday-Monday ranging was confirmed by Wednesday’s second consecutive lower close. The market is topping, as has been expected in this area. Having entrenched themselves, the reversal’s sponsorship may sit back and let one more fresh high trap more buyers. But not already rallying at Thursday’s open probably means the decline hasn’t waited to resume.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/mjzrksp

This evening, monitor overnight Globex trading in the chaRTroom at:
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