Post-market Wrap (recording & summary)

Price action around the bias environment’s 2018.50 low was not accumulative. But it did hold a retest of the morning’s low, as well as the afternoon’s bias-down signal. So, if the bias environment’s exit wasn’t going to break lower, then it was vulnerable to firming back into the range.

Which it did, testing the noon hour’s 2025.75 high by several ticks up to 2027.00. But without originating from an accumulative pattern, there was no sponsorship to break resistance. And the last half-hour slid back down to 2021.75. Post-close action slid further to attack 2019.50.

Since Tuesday afternoon’s bounce never gained traction. So, the retest of the morning’s low can break lower Wednesday if done almost immediately. Room for noise up to 2031.75 was met already to within 1 tick. Regardless, the three-day range isn’t likely to persist, so not already dropping at Wednesday’s open would be likely to rally by default — probably by gapping up.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/shwjwpj

This evening, monitor overnight Globex trading in the chaRTroom at:
non-xp ilinc