Post-market Wrap (recording & summary)
[View the Bias parameters here]
That’s more like it. Monday wasn’t actually a “session-long decline” setup. Nevertheless, the session trended down throughout, with each timing window probing under its prior timing window’s low.
Had it been an actual session-long decline setup, then the following session would be likely to extend lower. But only Monday afternoon’s bias environment was actually exited under its prior timing window’s low, so sellers didn’t gain traction.
That may only reflect how uncommitted sellers still are. Bouncing here and there at this stage seems like rearranging deck chairs on the Titanic. Monday’s relentless decline still controlled its sentiment, and certainly didn’t reflect the sort of capitulation that might allow a bottoming process to begin.
Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/kfyfvzb
This evening, monitor overnight Globex trading in the chaRTroom at:
XP-Friendly || non-xp ilinc
Hi Rod,
We can not link directly the move of the Bonds with the Equities but the impact is there nonetheless.
As you are expecting a potential plunge from 157 to 154, that should impact positively the equities for a short “rally” or not ?
Stocks and bonds may be coupled at some times, but not at all times. And one often begins reversing trend before the other. This is done by one getting ahead of the other, over-correcting from that new extreme, and then that new extreme becomes resistance or support to prevent extending further. Compare this to what I described this morning for the long bond’s gap back to yesterday’s close, that it should hold a test while stocks fall to new lows (if they do fall to new lows).