Post-market Wrap (recording & summary)

Thursday was owned by the tick. The single tick.

The afternoon’s 2104.00 bias-up signal held its grace period by a single tick. Its 2109.00 bias-up target becomes “unfinished business above.” Meanwhile, buyers may have gained traction by exiting the bias environment 1 tick above the noon hour’s high, and entering the final hour 1 tick above the bias environment’s high.

The session was otherwise pessimistic for gapping down, probing a prior low and spending the entire session in negative territory. But it was “ineffectual pessimism” since relevant lows held through the close.

Friday Factors were relevant last week in exacerbating the gap down. They could be relevant this week, too. Resolving the unfinished business above at 2109.00 overnight can reverse back down before Friday’s open. The quasi-traction could invert to trend down through the morning.

Friday Factors can cut either way. Fresh highs could extend relentlessly into the close — as the pattern remains vulnerable to the upside so long as relevant lows are held through the close.

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

Monitor overnight Globex trading in the chaRTroom here.