Post-market Wrap (recording & summary)

Monday afternoon bounce to its 2088.00 resistance had expended as much buying pressure as was possible without gaining traction for the effort. Entering the final hour any higher would have resumed the rally, but 2088.00 pushed back to make 2079.00 likely.

Starting that downleg from so high and so late made it difficult to continue attracting new sellers at 2079.00 so near the close. So the last half-hour bounced from 2079.00.

Rallying was likely to resume Monday. If not at the open, then through the close. And if not through the close, then by proxy of gapping up at Tuesday’s open. Monday’s late bounce still had time to extend above 2084.50 but didn’t. Its reaction down did hold 1079.00. Gapping up Tuesday to and through 2086.00-2088.00 is very likely if the rally has resumed anyway.

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

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