Post-market Wrap (recording & summary)

Friday afternoon’s gained traction in a hard fought battle that barely probed 2035.00 and 2036.00 relevant prior lows at the bias environment exit and the final hour’s entry. The 3:10-3:20 timing window was much more decisive, dropping more than 10 points to fresh session post-open lows at 2022.25.

That retraced 61.8% of the 66-point rally from overnight lows. And then some, suggesting that lower price would be met — at least, undermining the sponsorship of any reaction up.

Undermining the reaction’s sponsorship didn’t prevent attacking 2040.00, 17 points off the low. That was similar in principle to the earlier blip-up to 2038.00. The afternoon’s bias-down detour was similar, too. Hope springs eternal. The reaction’s resolution was similar, too. Already retracing 61.8% into the cash session close, fresh lows were probed down to 2016.25.

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

Join us in the chaRTroom here for this weekend’s Saturday Review at 9:30am ET.