Post-market Wrap (recording & summary)

Wednesday’s last hour bounced. Sharply. Its 14-point rally from a fresh low at 1970.50 retested the afternoon’s 1984.25 bias-down signal as resistance. Of course, the 45 minutes before it had fallen from 1988.00.

During that late fall, the bias environment was exited under the noon hour’s low, and the final hour was entered lower. Sellers gained traction for their efforts, likely to be rewarded Thursday morning by probing under Wednesday’s low.

Extending higher into and out of Wednesday’s close did attack the prior high to within a couple of ticks. Too late, though to gain traction for its effort. Gapping up Thursday above Wednesday’s 1995.00-1998.00 highs could invert the decline’s traction, instead.

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

Monitor overnight Globex trading in the chaRTroom here.