Post-market Wrap (recording & summary)

The afternoon’s slide consolidated down to the 2070.00 area for Wednesday’s final hour. That is, until the final minutes. Then it finally resumed the decline into and out of the close down to 2068.00.

Its timing wasn’t optimal to signal hold-short, but lower lows remain likely, down to 2062.75 if not also through it. The break’s timing also wasn’t early enough for an optimal “session-long rally” setup — this would reject the last downleg by gapping up Thursday above Wednesday afternoon’s ~2078.00 high. But both setups are credible.

The most bullish scenario is neither of the above. Extending down overnight to probe Monday’s 2062.00 low early, and then reject it through the bias environment, would still be the most impressive bottom. Not holding the bottom would be bearish.

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

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