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

Post-market Wrap (recording & summary)

Trending down overnight, reversing a recovery back down to fresh lows, and probing under overnight lows, all expended selling pressure. But along the way to testing 2066.00, sellers blinked — they failed to exploit the opportunity to renew the bias-down signal.

The balance of the session reversed back up to attack 2094.00 before the cash session close. It was probed minutes later. This neutralized last Friday’s 2093.00 higher prior lows.

Still, buyers didn’t gain traction for their efforts. Extending the rally without delay would require gapping up, probably above 2097.00. Not gapping up would be vulnerable to another pullback, albeit briefer and shallower down to 2082.00.

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

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Monitor overnight Globex trading in the chaRTroom here.