Post-market Wrap… Still some breadcrumbs on the table.

Tuesday’s buyers gained traction for their efforts — the bias environment was exited at 2:30 above the noon hour’s range, and the final hour was entered above the bias environment’s range. That tends to be rewarded by trending higher through the following morning.

That said, that’s not how a similar template was rewarded last Tuesday. Its afternoon bias environment was exited above its bias-up target despite being a no-bias environment. which is what happened this Tuesday morning. Last week’s situation might have been exacerbated by trending up already overnight. Similar action in this setup would target 1977.00 and 1985.00.

Backing-and-filling overnight down to 1964.00 would still be likely to resolve up Wednesday. And if not recovering into a morning rally, then an afternoon rally would be likely, still targeting 1977.00 and 1985.00. Looming ahead is the WedEX indicator and Thursday’s impending FOMC statement. Details and other markets coverage were discussed during the post-market Tour recorded here:
https://roddavid10.mitel-nhwc.com/join/xmmsmmj

After 6:30pm ET, use these links to monitor overnight Globex trading:
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