Post-market Wrap (recording & summary)

2063.50 was tested, probed thoroughly, all without closing under it. But it is still in the process of being tested, and did not necessarily hold. So the premise remains that a deeper drop targeting 2043.00 is underway.

No early strength Wednesday would qualify as a delayed signal that 2063.50 had held as support. Gapping up could extend higher before the afternoon’s FOMC events, but that would create “unfinished business below” back down to Tuesday’s close. Delaying a rally until late-afternoon would be credible for extending.

Otherwise, fresh session lows Wednesday are likely — whether that creates another opportunity for 2063.50 to ultimately hold, or confirms that 2043.00 remains in-play.

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

Monitor overnight Globex trading in the chaRTroom here.