Post-market Wrap (recording & summary)

Not really “post” market wrap, as we held it an hour early and I am away from the screens through the close…

The afternoon’s bias environment missed a great opportunity to rally. Its no-bias was honored by hovering up at the 2050.50 bias-up signal without trending above it. But a dip to 2045.00 had developed when the bias environment came within view of lapsing. And another dip attacking 2043.00 came after the bias environment started lapsing.

Rallying into Thursday’s close wasn’t necessary to resume the rally Friday, just helpful. Not resuming the decline Thursday is helpful, too — it’s being attempted down to 2041.00, but holding here would allow this little dip to be considered “ineffectual pessimism.” Bullish, from a contrarian perspective.

The proof either way will appear soon. The bullish WedEX wasn’t invalidated, so it is only at risk of being inverted by downtrending through Friday’s open. And that would likely take all upside off the table for awhile.

Details and other markets coverage are discussed in the post-market Wrap recording here:
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This evening, monitor overnight Globex trading in the chaRTroom at:
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