Post-market Wrap (recording & summary)

Two attacks no 1900.00 failed to break higher. Stopping pessimistically short of touching Friday’s prior highs suggests that any reaction down is only temporary.

So, reacting down into Tuesday’s final hour to 1988.00 is likely to recover. A late surge did recover up to 1997.00, but Crude Oil tumbling post-close has triggered 1988.00‘s retracement in sympathy.

Resuming the rally would next target 1913.00 and potentially 1924.00. Otherwise, while a deeper reaction down Wednesday is possible, extending any deeper would likely be only temporary.

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

Monitor overnight Globex trading in the chaRTroom here.