Post-market Wrap (recording & summary)

Testing higher prior lows at 2131.00-2132.00 ultimately reacted down 6-1/2 points to 2123.75 at Thursday’s cash session close. Holding higher prior lows prevents gaining traction. That’s a mixed signal with the afternoon’s timing traction indicator, of exiting the bias environment and entering the final hour, That had indicated the rally did gain traction. Both signals can be fulfilled by trending up through the morning after gapping down, or by gapping up above the afternoon’s 2132.25 recovering high.

The latter setup would delay fulfilling a third signal, which requires retesting oversold RSIs at Thursday’s 2107.75 low. Of course, that “unfinished business below” could be delayed, probably through the weekend after gapping up on a Friday. But that’s not optimal. Anyway, its test is likely to visit 2105.00 if not also 2095.00. A bigger bounce first could reach 2149.00.

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

Monitor overnight Globex trading in the chaRTroom here.