Post-market Wrap (recording & summary)

Note: A technical problem interrupted the Wrap’s recording, so the discussion is unavailable until halfway through. I’m awaiting a support response to troubleshoot recovery methods, and will email if it becomes available.

Pullback potential to 2107.25-2108.50 was being probed before finally fully fulfilling it at the cash session’s very last minute. That was too late for reacting up enough to suggest another long-entry, let alone a hold-long through the close.

The rally’s probe of fresh highs and new high closed gained no traction for its effort. So, extending the rally higher without delay would require gapping up Tuesday. Otherwise, the uptrend would be unlikely to resume before the afternoon bias environment had begun lapsing.

The current ES  futures front-month has twice probed last Fall’s last relative high. This had long ago become the recovery’s minimum objective. SPX cash is still 3 points short. Regardless, its test was never likely to withstand probing higher, even if only temporarily. But “unfinished business above” is quickly disappearing.

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

Monitor overnight Globex trading in the chaRTroom here.