Post-market Wrap (recording & summary)

Monday’s open could have recovered Friday afternoon’s last relative high at 2015.25 and reversed momentum up. That was 13 points above Friday’s close, but it was probed several time, by 4 points at one point.

Closing above 2015.25 would have at least signaled the decline ended, so that a bottom could form. A late break higher came within 3 points when it mattered. It was touched 3 minutes after that.

Despite preventing the morning’s slide from extending, buyers gained no traction for their effort. Monday’s buyers. Gapping up Tuesday above a prior high like 2022.50 would signal new sponsorship had arrived, targeting 2040.00. But gapping down under Monday afternoon’s 1997.00 low would form a “session-long decline, targeting nothing good.

Details and other markets coverage are discussed in the post-market Wrap recording here:
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