Post-market Wrap (recording & summary)

Buyers gained traction Wednesday afternoon, but in the least impressive way. The bias environment lapsed at the noon hour’s upper-end, but not necessarily above it. The final hour’s entry was above the bias environment’s high, and the proxy window trended higher. But the morning’s high was never probed. Trending up overnight isn’t required for resuming the rally tomorrow morning, but it would help.

Until resolving up, there’s vulnerability to repeating Wednesday’s gap down on Thursday. That wouldn’t be bullish, at least not near-term. By the same token, not gapping down or trending down at Thursday’s open should be bullish for returning to Tuesday’s highs. And potentially higher, even if only briefly.

Meanwhile, WedEX triggered an active bearish signal. Thursday’s open can have a proxy effect, either to become an active bullish signal, or else to reinforce the bearish signal.

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

Monitor overnight Globex trading in the chaRTroom here.