Post-market Wrap (recording & summary)

Was Monday’s drop from 2101.50 an unscheduled detour? Isolating it to the morning would have been perfectly acceptable within the pace and slope of characteristics likely for this recovery leg.

The afternoon’s 2086.00 lower low can be dismissed because it was reversed  back above the noon hour’s 2094.75 high. The morning’s 2096.25 bias-down signal was overlapped by 1 point. A last-minute plunge to 2090.50 is irrelevant, having originated AFTER coming within 3 minutes of the cash session close.

Greeting Wednesday’s open back at or above Tuesday morning’s 2101.50 high should not delay extending higher through the morning. The holiday’s 2093.75 Globex high requires a retest intraday, and the next higher attraction is 2116.00-2119.00. Otherwise, resuming Tuesday’s decline would all but require gapping down Wednesday under 2086.50.

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

Monitor overnight Globex trading in the chaRTroom here.