Post-market Wrap (recording & summary)

The next lower objective under 1938.00 was 1918.00. Tuesday’s gap down to 1931.00 fluctuated between 1928.50-1936.00 before trending down to the 1918.00 objective. The balance of the afternoon firmed, before a late-afternoon surge up to 1935.00.

That action developed exclusively under last week’s lows. And it satisfied the next lower target’s selling pressure. While closing flat to higher despite the intraday post-open drop. It’s not a buy signal, but it undermines the downside momentum.

Gapping up Wednesday — at least above 1941.00 but probably above 1945.00 — would be attracted higher intraday. Filling the gap(s) at Monday’s 1957.00 and 1963.00 close(s) would be natural, with or without normal volume. Meanwhile, having trended up into the close, gapping down under Tuesday afternoon’s 1918.00 low could form a session-long decline. Tuesday’s “lower prior highs” at 1924.00-1927.00 would try to argue otherwise.

Not gapping up would be difficult to trend at all until late-afternoon. Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/mjzxmtm

This evening, monitor overnight Globex trading in the chaRTroom at:
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