Post-market Wrap (recording & summary)

The bearish WedEX was influential Friday until the final hour. That’s when the last relative high at 2023.00 was exceeded, and its recovery was maintained through the close. The close extended up to 2026.00.

Absorbing the fresh high back under 2023.00 at Friday’s close would have maintained the bearish WedEX’s potential. Now it’s too late for that. Absorbing Friday’s late surge must be signaled by Monday immediately breaking back under bias environment’s 2012.75 low. At least, back under the noon hour’s 2015.75 low.

Maintaining a gap open under the bias environment’s 2012.75 low would also form a “session-long decline” setup. The bearish WedEX would likely compound the reversal, targeting the week’s 1982.50 low. Any shallower opening weakness would more likely recover and resume the rally.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/fbkcbwz

REMINDER: This weekend’s Saturday Review begins at 9:30am ET. We’ll discuss the bigger picture targets for extending higher and the setups for reversing down. We’ll also review any stock chart requests:
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