Post-market Wrap (recording & summary)

Monday’s last half-hour recovered from 1984.00 to the afternoon’s 1996.00-1997.00 resistance, with almost 15 minutes to spare. That time was fully exploited by extending to 2005.00 at the cash session close. Not to be excluded, the futures close added almost 5 points more to attack 2010.00.

Fresh afternoon lows were being probed into the final hour. The decline from 1996.00 to 1984.00 was tracking a template for buyers “throwing in the towel.” And then they ran out of towels.

No “unfinished business below” was in-play to inhibit a rally, but there was nothing accumulative about the low. And the late surge did more than retrace a downleg. Meanwhile, a lot of buying pressure was expended — only to test the 2008.00-2010.00 area, which we discussed selling if tested initially at the open.

Details and other markets coverage are discussed in the post-market Wrap recording here:
http://www.anymeeting.com/nrodpywxnayx/E952DF83894C31

Monitor overnight Globex trading in the chaRTroom here.