Post-market Wrap (recording & summary)

Setups reflect sponsorship taking control. If they’ve done everything necessary, and still don’t succeed, that’s not a failure — it’s the opposing sponsorship taking control instead.

Exiting Friday morning’s bias environment 20 points off its 1883.00 low wasn’t itself the reason for the “session-long decline” failing. And it was no reason why its inversion couldn’t still be productive. The inverted setup could have only ranged flat-to-higher, but it doubled the initial 20-point recovery, and then added another 20 points on top.

And there’s room for yet another 20 points, but no requirement, since the next higher corrective bounce potential was met and held at 1942.00. Not already retesting Tuesday’s low has affected the corrective bounce’s consequences. Some details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/wzjvrwf

Join us in the Saturday Review for more discussion of the corrective bounce, the “session-long” setup, and possible Sunday night and Monday morning price action. It begins at 9:30am ET, and I’ll send access instructions before then.