Post-market Wrap (recording & summary)

We knew the morning’s decline had likely ended upon meeting the pullback’s 2065.00 corrective target. We also knew the rally wasn’t likely to resume immediately, and not to expect buy signals to be very productive. The rally wasn’t required to resume at all Monday, so it shouldn’t be surprising that only a last-hour buy signal finally extended beyond its first 3 minutes or 3 points.

In fact, that last leg did rally through its 2069.00 buy signal back to the 2074.50 prior highs. And then higher, to its 2077.50 target and higher. Unlike similarly time late breakouts from last week, Monday’s doesn’t require correcting because it is counter-trend. The session earlier was a correction. So, presumably the rally has resumed — or still want to resume.

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

 CLICK HERE for the older version of Omnijoin, which we’re using tonight in the chaRTroom because there wasn’t time Monday to set-up the newer version.