Post-market Wrap (recording & summary)

There’s no “unfinished business above.” Thursday tested and held the 2185.00-2186.00 target that was likely to be visited while retesting 2180.00. There’s potential to 2192.00 just as noise, but it’s not required, and neither is any particular reaction.

Friday afternoon is likely to behave bearishly due to the WedEX signal. Closing Thursday under 2180.00 would have been optimal for the bearish setup — not preventing an intraday probe higher Friday, just dooming it to failure. Probing higher Friday morning would still be vulnerable to an afternoon reversal.

As for topping, that’s unlikely. Near-term drop, sure — if a drop is going to happen anytime soon, then it must begin Friday or Monday. Otherwise, the bullish seasonal influence of a holiday (next week’s Thanksgiving) will prevent downdrafts from gaining traction. But a durable top rarely happens at expiration.

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

Monitor overnight Globex trading in the chaRTroom here.