Post-market Wrap (recording & summary)

The retest of Sunday’s 1993.50 low had targeted 1881.00. Monday’s retest of it by 1 point launched a detour to 1946.50. But 1881.00 was tested Wednesday down to 1878.00. And a late-afternoon bounce to 1895.50 was retraced back down to 1881.00

So, now what?

The decline is especially vulnerable to dropping dozens of points more, whether overnight or at Thursday’s open. Bouncing first would likely be temporary, as there is “unfinished business below” at the low’s oversold RSIs. Bouncing first Thursday is possible, but probably not gapping up enough to negate Wednesday’s bearish WedEX isn’t likely.

Details and other markets coverage are discussed in the post-market Wrap recording here. (Or scroll down in the blog.)

Monitor overnight Globex trading in the chaRTroom here.