Post-market Wrap (recording & summary)

Tuesday left “unfinished business below” from oversold RSIs at 2262.25 coming out of the afternoon bias environment. The dip at that time was seeking strong-handed buyers to sponsor resuming the rally — they weren’t attracted by gapping up and extending higher to 2269.50, so a pullback was attracted down to 2262.00.

The dip stopped optimistically short before bouncing to 2267.50 into the close, too late to be strong-handed sponsorship, and too little to prevent a deeper overnight dip. The afternoon bias environment had already peaked there, so only returning to it did not reflect strong-handed buyers.

Gapping up Wednesday above Tuesday’s 2269.50 high could prevent a deeper dip, and already be back on-track to probing the new highs above 2273.00. Otherwise, breaking under Tuesday’s 2262.25 low would have only a brief opportunity to snap back up, or else start seeking buyers below 2260.50.

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

Monitor overnight Globex trading in the chaRTroom here.