Post-market Wrap (recording & summary)

There’s a report of a Russian comminique advising its diplomats to bring home students from abroad. Did that crystallize a concern that was causing Tuesday’s undercurrent of relentless selling? The market’s reaction suggests as much, already having bounced off its 2121.75 low just before the headline crossed, and then extending higher in reaction. I hope we don’t have to start acheter sur les canons, vendre sur les trompettes.

The afternoon’s bias-down did not officially trigger, although that was a very borderline signal. The late-afternoon bounce retraced it, but didn’t close above it. That’s not a sell signal, but it’s certainly not a rejection of the session’s decline. And there’s no opening action Wednesday that can reject Tuesday’s break — the most bullish scenario must probe lower intraday before recovering. The most bearish setup would try recovering prematurely.

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

Monitor overnight Globex trading in the chaRTroom here.