Post-market Wrap (recording & summary)

Ending the day with a whimper has made Wednesday likely to bang. Tuesday’s last half-hour firmed gradually into the 2008.00-2010.00 resistance range, which is equilibrium. Including overnight action, trending in either direction is likely to be reversed once in the opposite direction. Completing that sequence would then become vulnerable to a more durable trend gaining traction.

Wednesday’s open is likely to gap, but not very far away from Tuesday’s range — still within its magnetic attraction to pull price back into and through Tuesday’s range. Gapping much beyond Tuesday’s range could break free of its orbit to simply trend in that direction.

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

Monitor overnight Globex trading in the chaRTroom here.