Post-market Wrap (recording & summary)

2199.75 was put into play Wednesday morning. The afternoon bias environment fulfilled it. RSIs diverged positively on its retest. Its probe under the prior low was isolated to the proxy window, which was exited above the 2202.00 prior high. that’s all bullish enough to establish a low, which would be relevant if broken.

It was broken. But it wasn’t broken until coming to within 3 minutes of the cash session close. And that’s not often a relevant break. So, there is potential for rejecting the late dip, but only by gapping up above the afternoon’s 2208.00 high (forming a “session-long rally”). Otherwise, not rejecting Wednesday’s late break would likely trend down Thursday morning.

It’s the third consecutive session ending on the brink of rolling over. The anchor that formed during Wednesday’s open suggests any reaction down will be recovered. But not yet recovering at Thursday’s open would next target 2187.50 below.

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

Monitor overnight Globex trading in the chaRTroom here.