Post-market Wrap (recording & summary)

Tuesday’s horrible narrow choppy range did leave two influences. Both are functions of its ongoing intraday testing of support, neither recovering from it nor breaking lower.

Holding the morning’s 2154.00 bias-down signal created unfinished business above at its 2163.00 bias-up signal. That joins the prior morning’s yet unmet 2163.75 bias-up target, and last week’s 2168.00 new Globex trend extreme.

Meanwhile, the testing of 2154.00 may have chipped away at its support. This will be relevant if Wednesday doesn’t rally early. Breaking lower would target the 2148.00 area and potentially also 2146.00.

The past four sessions have formed a multi-session range. A valid break in either direction should begin by gapping beyond the range. Leaving the range post-open would be likelier reverse back into the range.

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

Monitor overnight Globex trading in the chaRTroom here.