Post-market Wrap (recording & summary)

Sunday night’s 2183.00 new Globex trend extreme required a retest. It was retested Tuesday morning, after triggering bias -up. The 2185.50 bias-up target remains outstanding, because a downdraft triggered bias-down and then fulfilled its 2173.25 target to within 3 ticks. Previously outstanding “unfinished business below” at 2171.00, 2160.00 and lower remains outstanding.

Tuesday’s close AT Friday’s close did not qualify as a new trend high close. A new trend high close is required at some point because the last one was on a Friday. But having closed AT the high close, probing Tuesday’s highs Wednesday and reversing down to close under Tuesday’s lows need not wait before extending down. Sharply.

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

Monitor overnight Globex trading in the chaRTroom here.