The 2099.75 bias-up target was

The 2099.75 bias-up target was met literally at Monday”s very last minute. And it was still being tested at the close. Not exceeded to put into play the next higher target (2105.50) or rejected to trigger even a nominal pullback (2095.50).

Meanwhile, the rally didn”t gain traction for its efforts. The bias environment exit was within the noon hour”s range and the final hour”s entry was within the bias environment”s range. Not necessarily a problem, not until extending higher anyway into the close.

Optimism is less restrained than it was Thursday and Friday, which was responsible for anticipating higher highs today. The gap back to last Monday”s close was filled without closing above it. And without the rally gaining traction, the only way to extend the rally Tuesday morning is by gapping up. A pullback could test 2088 without reversing the trend down, being careful not to suggest a “session-long decline” by gapping open under Monday afternoon”s 2095 low.

Details and other markets coverage were discussed during the post-market Wrap recorded here:
https://roddavid10.mitel-nhwc.com/join/bwhmrvs

Tonight”s chaRTroom links, which you”ll need after 6:30ET:
Win XP-Friendly — http://anymeeting.com/502-506-047
non-xp friendly — https://roddavid10.mitel-nhwc.com/join/shkphyy