Post-market Wrap (recording & summary)

Tuesday morning’s 2097.25 high required a retest because both 1-minute and 3-minute RSIs were oversold there. But that’s the only reason why sellers weren’t taken seriously intraday. Just rallying at all post-open was a departure from the two prior overnight rallies that were reversed back down at the open. And the window has been open to resuming the rally.

The session did rally, and not by a little. But its optimism remained tempered, which isn’t bearish from a contrarian perspective. The bias environment exit and final hour entry weren’t trending above the noon hour’s high. And the 3:10-3:20 timing window only pierced a fresh high. So, a bigger rally remains possible.

Only one obstacle remains. Ironically, that obstacle is Tuesday’s very late surge to fresh session highs. Since buyers had not gained traction already, the late surge was sponsored by weak hands. It is vulnerable to correcting, at least to 2093.50 if not to 2091.00 — if at all. A correction can be avoided by gapping up Wednesday.

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

This evening, monitor overnight Globex trading in the chaRTroom at, while also helping again to test the new platform. Let me know about your experience… CLICK HERE.