Post-market Wrap (recording & summary)

Tuesday’s session is a different version of Friday. Probing of relevant support held, but wasn’t rejected. So, not gapping up Wednesday would be vulnerable to probing lower lows.

Friday and Tuesday differ from each other in two ways — the morning didn’t plunge this time, and the afternoon probed fresh session highs. But their similarities are more meaningful since both mornings were wide-ranging, and both afternoons waited until very late before probing fresh highs.

Neutralizing “unfinished business below” at Tuesday morning’s 2062.75 bias-down target would also likely retest Monday’s 2062.00 low. And that could launch a substantial rally. Otherwise, maintaining a sufficient gap up Wednesday could simply rally without the morning unpleasantness.

Wednesday is Veteran’s Day (U.S.) /Remembrance Day (Europe). Its solemness might be juxtaposed against a session that provides both volatility and trending, as the government holiday creates thinner participation.

Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/mjzbzvs

This evening, monitor overnight Globex trading in the chaRTroom at:
non-xp ilinc