Post-market Wrap (recording & summary)

2089.75 is the lower-end of the pre-Brexit session two weeks ago. Closing above it last Friday had created the requirement to probe that session’s upper-end, targeting 2125.25.

An interim corrective dip was recovered to close back above 2089.75. And then Friday’s rally touched 2125.25. Barely. The final hour only trended down, but it was too late for a durable downleg to begin.

There’s no higher calculable objective. But a new trend high close on Fridays all but requires an eventual higher close. Nothing can prevent another interim pullback, but it would likely be only a temporary correction.

We’ll look at this in more detail during Saturday Review, starting at 9:30am ET.

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