Sellers gained traction for their

Sellers gained traction for their efforts Monday. But hold-short was not considered. We precluded it around 2102, after a sell signal there had triggered. Its target remained intact — a retest of 2099.50”s oversold RSIs, probably down to 2098.50 — and both were tested at the cash session close and futures close.

In fact, the selling extended to test 2096 after the close. That”s still not a hold-short, because there”s no “unfinished business below.” There is no greater likelihood for extending down overnight, only room for noise down to 2091.25.

Extending down overnight could produce a very bearish session Tuesday, if not recovered by the open. Meanwhile, having trended down through the close, gapping up Tuesday above Monday afternoon”s 2108.75 high would form a session-long rally setup. More on that is in the post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/wzcmpfy

Here”s chaRTroom links to view overnight action:
Win – XP friendly: http://anymeeting.com/628-785-210
non-xp ilinc-Mitel: https://roddavid10.mitel-nhwc.com/join/bfyytsh