Post-market Wrap (recording & summary)

Monday’s “inside day” was a miniaturized version of the overnight choppiness. A lot of swings, but essentially unchanged. We caught all of the early clues for a dry cleaners morning — the difficulty in starting from a standing stop, the first hour’s 15-minute checkpoints, no-bias. The dry cleaner’s afternoon simply had to signal no-bias again.

Now the question is whether Monday’s late break resolved the range. Fresh session lows were being probed before coming to within 3 minutes of the cash session close. But only just before, and only by a little. So beware of another narrowly ranging dry cleaners morning Tuesday if  the opening 15 minutes haven’t yet trended.

Meanwhile, an overnight detour down into Thursday’s range is possible, whether to 2039.50 or to 2034.00. Much lower, especially through the open, would not be likely to recover. But even from that low an overnight recovery would be possible, and so would gapping up above Monday’s 2054.00-2056.00 highs.

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

Monitor overnight Globex trading in the chaRTroom here.