Post-market Wrap (recording & summary)

Simultaneously oversold RSIs at Wednesday’s 2030.75 low require being retested. More so, that stopped optimistically 1 tick short of touching the two-week old Employment Situation report’s reaction. The final hour’s bounce was likely premature, and the fast-approaching close inhibited new sellers.

Otherwise, Thursday’s open will gap up sharply. That’s the least likely scenario, and it would suggest a major paradigm shift has somehow developed overnight. That wouldn’t effect WedEX’s passively bullish signal. But it triggered by a shallow margin, so Thursday’s open could turn it into a late actively bearish signal by proxy.

Meanwhile, keep in mind what I began describing last week as an opportunistic environment. The growing pool of evidence now includes this morning’s surge, being the second morning surge in three days. All that is missing now is a substantial intraday reversal… Oh, wait. Done.

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

Monitor overnight Globex trading in the chaRTroom here.