Post-market Wrap (recording & summary)

It wasn’t until coming to within 3 minutes of the cash session close, but 2260.50 was finally met. And it was probed down to 2259.75 after the close. The actual break lower began with the final hour breaking under 2264.00, but after the entire session had hovered there until the final hour.

This is not strong-handed sponsorship. Participation is thinning out rapidly as the holiday weekend approaches.

Wednesday’s late break was a vulnerability all day, and it’s now a vulnerability to reverse back up sharply. The drop did neutralize a couple of lower attractions, both Tuesday’s oversold RSIs at 2262.25 and the gap back to Monday’s 2260.00 futures close.

Having trended down into the close, gapping up above the afternoon’s 2265.25 high could form a session-long rally setup. Maintaining it through the open would target new highs above 2273.00. Otherwise, extending down would next find support at 2257.50, or else 2249.50, and maybe lower.

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

Monitor overnight Globex trading in the chaRTroom here.