Post-market Wrap (recording & summary)

Wednesday’s last half-hour bounced from 2112.00. Already having entrenched the downtrend by at least trending down throughout the 3:10-3:20 proxy window, the late bounce wasn’t going to produce anything bullish. It did manage to test what would have been a reliable buy signal above 2119.00, holding it throughout the position-squaring window. The futures close dipped back down to 2112.25.

Meanwhile, WedEX stopped short of triggering an optimal signal. The afternoon’s 2112.25 low only pierced yesterday’s prior low, and only by 1 tick. That’s hardly a test, so its reaction up is hardly a rejection. The pattern is more about chipping away at support than about holding it. And that’s less than optimal, as were the final hour’s entry and 3:10-3:20 window.

Gapping down Thursday — especially under Monday’s 2110.50 post-open low — would serve by proxy to trigger a delayed Active Bearish WedEX. Otherwise, gapping up above 2134.00 is the minimum to even suggest a delayed Bullish WedEX.

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

Monitor overnight Globex trading in the chaRTroom here.