Post-market Wrap (recording & summary)

Topics that I intended to cover in this post-close note included the unfinished business above at the 2048.75 high’s overbought RSIs. But that was neutralized by extending past the 2046.00 cash session close to fresh session highs. So, scratch that…

Another topic I wanted to cover is the next higher objective above 2019.50. More than a week of ranging around it and overlapping it — even labeling Wednesday’s plunge as just testing the range’s lower-end — had prevented putting into play the next higher objective at 2055.00. But post-close action just met it. Soooo, scratch that one…

We should remember the recent range’s characteristic of surging, and then reversing down sharply as soon as the surge has peaked. Has this surge peaked? Simultaneously oversold 1-minute and 3-minute RSIs at Thursday afternoon’s 2034.50 low… wait, let me check… still requires an eventual retest.

Often, the session-long rally/decline setups extend the following morning. Since Thursday afternoon’s buyers didn’t gain traction for their efforts, probing higher without gapping up would be vulnerable to reversing down sharply. Otherwise, overcoming those challenges and closing above 2055.00 would next target 2088.00.

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

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