Post-market Wrap (recording & summary)

I began noting during the noon hour that if extending the rally through the noon hour wasn’t rejected, then its 2007.50 renewed bias-up target would be only a formality. Retesting the 2014.00 prior high would be only a formality. The market was on a mission to neutralize all upside attractions — probably including 2019.50 — and fast.

Fast is how it was done. Fast is how it had to be done. Wednesday’s decline had gained traction, which was bearish, so the only way to reject it was by gapping up Thursday. Similarly, exiting Thursday morning’s bias environment back under its fulfilled bias-up signal was bearish, so it could be rejected only aggressively, too.

Rallying relentlessly throughout Thursday’s noon hour was as aggressive as it gets. Extending higher relentlessly throughout Thursday afternoon’s bias environment maintained the aggression. Like the proverbial shark needing to continue moving to avoid rolling over, like Satchel Paige saying “Don’t look back, you don’t want to know what might be gaining on you,” Thursday’s rally can’t afford to hesitate if it intends to extend higher.

And since it gained traction — the bias environment was exited above the noon hour’s high and the final hour was entered even higher — the only way to reject it immediately is by gapping down under a prior timing window’s low. That’s at least 2000.00, if not lower.

Details and mention of the WedEX and other markets coverage are discussed in the market Wrap, which was held early due to a scheduling conflict. Its recording is here:
https://roddavid10.mitel-nhwc.com/join/wzjvymh

This evening, monitor overnight Globex trading in the chaRTroom at:
 XP-Friendly   ||   non-xp ilinc