Post-market Wrap (recording & summary)

Thursday’s bias environment exit was overlapping 2045.00. The final hour was entered above it, so sellers didn’t gain traction. Oversold RSIs at their 2040.00 interim dip requires a retest. And that  retest is likely to visit 2035.25.

Sellers can regain traction by gapping down. So, unless that lower low is tested by gapping down, its test could be rejected to end the decline. The decline can end for awhile without even retesting the 2040.00 low, and instead gapping up above Thursday afternoon’s 2063.00 high.

Friday’s Employment Situation report would have to find Thursday’s decline oversold in order to react up durably pre-open. The more bullish path higher would visit the fresh lows, first. Of course, with the weekend bearing down, that would risk extending down even more sharply through the open.

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

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