Post-market Wrap (recording & summary)
It’s expiration, so it’s less predictive. But it’s still interesting to note that the afternoon’s sellers gained traction for their efforts. The bias environment exit was under the noon hour low, and the final hour entry was lower. It’s even more interesting in the context of a bearish WedEX.
A passive, late, barely bearish WedEX. Which wasn’t invalidated Friday afternoon, as price trended down — albeit gradually and stuck in positive territory. Nevertheless, that leaves the door open to trending down more steeply Monday morning.
That would suggest another detour is about to begin on the path to new highs. But will it last several days, or just several hours? That, and how deep it can dive, will be discussed in detail during this weekend’s Saturday Review… Its link will be sent later.
Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/fbkmcyc
