Post-market Wrap (recording & summary)

Wednesday’s last half-hour finally probed under what had been the the morning’s 2061.50 bias-down target. It didn’t require a break, but a Descending Triangle had formed since buyers couldn’t produce a higher high.

That pattern, the break’s late timing, and impending three-day weekend, all combined for a perfect storm that plunged down to 2053.50. A bounce attacked 2060.00 before reversing back down to the low. To within 1 tick.

Last Thursday’s “lower prior highs” around 2055.00 offer natural support. But not already reacting up intraday from its test does keep the door wide open to extending lower Thursday morning to 2044.00 or 2041.00. Meanwhile, having trended down into Wednesday’s close, gapping up above the afternoon’s 2065.50 highs would form a “session-long rally” setup.

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

This evening, monitor overnight Globex trading in the chaRTroom at:
non-xp ilinc