Post-market Wrap (recording & summary)

45 minutes of testing the 2203.50 buy signal was mostly contained within a narrow 5-tick range. That is the opposite of an inflection point. That followed gaining 4 points in the prior hour from testing the window’s 2199.75 support. The lack of momentum undermines whatever is compelling about the area’s hold-long setup.

But the likely resolution remains higher, probing new highs above the anchor at last week’s high. Possibly not for any extended length of time, or at least being vulnerable to reversing down sharply again. Not extending higher Tuesday would make Sunday night’s lows around 2181.00 a likely attraction.

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

Monitor overnight Globex trading in the chaRTroom here.