Post-market Wrap (recording & summary)

REMINDER: There is no Saturday Review this weekend due to the holiday. Have a great weekend, chaRTroom will re-open with Globex on Sunday night.

Friday’s opening 15 minutes of volatility were glued to 2205.50. This suggested almost instantly that the holiday-shortened session would likely not be volatile. That made trending very far very difficult.

But the 2204.25 bias-up signal did trigger, putting into play its 2209.50 bias-up target. Almost three hours of a 6-tick range around 2207.50 finally broke higher within minutes of the close. The 2209.50 target was met, on the way to test 2211.00 after the close.

Now the 2220.00 objective created above 2192.00 is the only “unfinished business above.” Gapping down Monday would make Friday’s close become unfinished business, too. And it could remain unfinished throughout a detour dip, which is likely as the target is approached.

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

Monitor overnight Globex trading in the chaRTroom here.