Post-market Wrap (recording & summary)

Discovery of a terrorist plot in Germany at a soccer game triggered the bias-down environment’s extra plunge to 2046.50. That was back down through the 2050.50 bias-down target, which had been met already. And it reversed a bounce that was testing the 2056.00 bias-down signal up to 2058.00.

The drop extended down to 2041.50. Then another headline announced discovery of another device at a train station. The needle barely moved, except for firming a little. Clearly the market was fully discounting the discoveries.

Extending down would require another catalyst, a horrible event. Absent that, there was no catalyst to trigger a recovery. But the final hour did firm back up to the afternoons’ 2050.50 bias-down target. Assuming no further terror discoveries, an overnight rally wouldn’t be surprising.

Perhaps 2068.00 will be tested in anticipation of tomorrow afternoon’s FOMC Minutes. Perhaps that will trigger the next correction down.

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

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