Post-market Wrap (recording & summary)

It’s not necessarily surprising that Tuesday’s weakness didn’t extend to last Thursday’s “lower prior highs” around 2048.00. Tuesday’s lows weren’t far below its 2053.00-2053.50 bias parameters, momentarily attacking 2051.00 coming out of the noon hour. But absent an overnight rally, don’t be surprised if 2048.00 is being tested instead.

Meanwhile, Tuesday’s last-hour rally performed above and beyond expectations. It was actually pretty easy, since there really weren’t any expectations. No accumulation below, no attraction above, no traction exiting the bias environment. But the 2056.50 buy signal was probed up to 2064.50 through the futures close.

AAPL’s earnings is all about AAPL now. The broader market can turn its attention to Wednesday afternoon’s FOMC policy statement and clues in the language accompanying it.

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

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