Post-market Wrap (recording & summary)

Higher and higher highs into and out of Wednesday’s FOMC Minutes kept requiring interim reactions down to recover. Which they did. RSIs didn’t get overbought on the last high’s 2179.75 retest, and RSIs deteriorated the retest of its 2181.00 high. So, an immediate pullback wouldn’t be surprising, and wouldn’t be required to recover.

Oversold RSIs at Wednesday’s 2165.50 low preceded the noon hour and so it requires an eventual retest. That doesn’t prevent first extending Wednesday afternoon’s recovery to back up into Monday’s range, attacking or probing its high.

Aiding an extended recovery would be a bullish WedEX signal that signaled at Wednesday’s close. Passive, for having held a test of a prior low, and not active since no relevant high was recovered. Invalidating the signal would require gapping down Thursday under Wednesday afternoon’s 2169.25 low, or lower (which would also form a “session-long decline” setup).

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

Monitor overnight Globex trading in the chaRTroom here.