Post-market Wrap (recording & summary)

Monday’s noon hour dip held last week’s “lower prior highs” down to 2140.50. Bouncing through the afternoon eventually recovered to touch the 2145.75 opening print. Trading there within 3 minutes of the close, after having probed intraday both above and below makes the breakout vulnerable to failure.

Monday’s close came after trending down intraday, so it wasn’t an optimal breakout of a multi-session range. One bearish open would form a “session-long decline” setup, after trending up into one close, and then gapping down back under the prior afternoon’s 2142.25 low. The vulnerability to reversing down dissipates if Tuesday’s open isn’t already behaving bearishly. Monday’s opening anchor setup still suggests the intraday pullback will recover and extend higher next targeting 2150.00.

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

Monitor overnight Globex trading in the chaRTroom here.