Post-market Wrap (recording & summary)

The 1913.00 objective was met early, but not rejected, so the rally extended. The next higher objective at 1924.00 was met late, but not rejected, so the rally extended. Closing above 1924.00 would put into play much higher objectives.

The breakout leg originated late and wasn’t complex, so it requires confirmation as much as any other trigger. The alternative doesn’t necessarily resume the decline, at least not immediately. I’ll describe the likely possible paths during this weekend’s Saturday Review.

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