Post-market Wrap (recording & summary)
Bouncing throughout Monday’s noon hour and bias environment repeatedly resolved in fresh lows. The position-squaring window trended down to close around 2069.00-2070.00.
Pretty good word for the decline, after invalidating higher objectives put into play by the morning’s no-bias signal. Having confirmed with a fresh high opst-10:15, a lot of serious selling pressure was required to exit the bias environment at fresh session lows.
Strong-handed buyers overcome by stronger-handed sellers. Are even stronger-handed buyers next?
A “session-long rally” setup would form by gapping up Tuesday above Monday afternoon’s 2080.25 / 2081.50 bias environment’s highs, having trended down into Monday’s close. Otherwise, extending down would next target 2063.50 and potentially also 2043.00.
Details and other markets coverage are discussed in the post-market Wrap recording here.
Monitor overnight Globex trading in the chaRTroom here.
