Post-market Wrap (recording & summary)

What took a half-day to accomplish was erased within a half-hour.

Actually, it only took an hour — not counting the choppy morning bias environment. It started lapsing at 2054.00 where the session had opened. And it started trending until fulfilling all the upside potential to within 1 tick of 2060.00.

The last half-hour retraced it all back to 2054.00 within 3 minutes of the cash session close. The next 15 minutes extended down through the morning’s 2050.75 post-open low, attacking the 2049.00 overnight low to within 2 ticks.

The late plunge was spectacular, but otherwise meaningless. On a normal day, suddenly moving so steeply would be irrelevant, especially if only back within the range. Thursday is already holiday-shortened, and its morning low wasn’t probed until after the cash session close.

None of which requires this week’s trending to resume next week. But starting the week by reacting down would have a better chance at recovering. Meanwhile…

Have a wonderful holiday weekend — see you Sunday night!

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