Post-market Wrap (recording & summary)

Wednesday’s close above the 2215.00 objective (basis Mar, 2220.00 basis Dec) was not rejected Thursday. The next higher objective in-play still has a little room above at 2147.25. Any higher would likely target 2257.50.

None of which must be maintained through the close. There is otherwise no other “unfinished business above.” If the rally is going to entrench itself, then closing at a new trend extreme on Fridays is its next opportunity.

Meanwhile, features to this rally’s origin still make it vulnerable to reversing down sharply, especially when the end comes. The ultimate reversal’s origin matters, too, and gapping down sharply would not qualify for launching more than a temporary pullback.

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

Monitor overnight Globex trading in the chaRTroom here.