Post-market Wrap (recording & summary)
Tuesday’s opening setup predicted the session’s choppiness. Actually, it predicted the morning’s choppiness. The afternoon’s narrower choppiness was a bonus.
Nevertheless, the session wasn’t bearish. It did gao down, twice probing fresh lows, and the entire first hour was resisted by the 2060.00 ultimate corrective attraction. Nevertheless, sellers never gained any traction.
The first hour’s range held as support through several afternoon tests. Downlegs were not the product of distribution, but consequences of failed rally legs. Ultimately 2060.00 held as support through the cash session close to avoid putting into play any lower objective. Probing under 2060.00 post-close wasn’t predictive.
Closing above 2065.00 and 2067.00 would have been bullish. Neither buyers nor sellers gained traction on the day, so gapping open in either way Wednesday would be credible for extending in that direction. Up would be attracted to 2088.00. Down would next target 2048.00.
Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/cxsrzxk
The new Omnijoin configuration should be available during the evening, and I’ll post its link in the chaRTroom if you want to try it then. Meanwhile, monitor overnight Globex trading at:
non-xp ilinc
