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Post-market Wrap (recording & summary) – If, Then… Market Timing

Post-market Wrap (recording & summary)

Janet, who? Gapping up and absorbing a negligible reaction to Yellen still failed to trigger Wednesday morning’s bias-up signal. No-bias trending above it attacked Monday morning’s 2092.50 high to within 6 ticks.

Remain, what? An anti-Brexit poll reversed that effort, eventually probing negative territory and triggering the afternoon’s bias-down signal. Afternoon ranging probed fresh lows at 2075.25, a compelling hold-short with “unfinished business below” at 2073.75 and 2070.75.

Although not required, a more thorough test of Monday’s 2092.50 high can’t be discounted, or probing above it by another 2 points. Testing 2073.75 and 2070.75 — whether overnight, or early Thursday — would still have room down to 2069.00 before suggesting otherwise.

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

Monitor overnight Globex trading in the chaRTroom here.