Tuesday”s break from its 1913-1919

Tuesday”s break from its 1913-1919 range finally began after the 3:10-3:20 timing window had lapsed. That was too late to be sponsored by strong hands, but it was plenty productive, touching 1989.75 at its low. The drop”s productivity was the product of its timing, and not of its weak-handed sponsorship that was retraced entirely into the 1913-1919 range.

Late, weak-handed selling pressure, fulfilling its targets, not closing under a level that might put into play lower targets. And all after breaking from the morning”s Symmetrical Triangle, a pattern that tends initially to break falsely in one direction before reversing more substantially in the opposite direction. A rally would be credible.

So long as oversold RSIs at Tuesday”s late 1898.75 low, attracting price down first, doesn”t get carried away. Being Wednesday ahead of a three-day weekend makes extending the decline likely to be obvious now, or else avoid it until next week… Details and other markets coverage were discussed during the post-market Tour, recording linked here:
https://roddavid10.mitel-nhwc.com/join/shwtypz

After 6:30 ET, use one of the following links to monitor the overnight Globex action:
Win XP-Friendly — http://anymeeting.com/127-847-235
non-xp friendly — https://roddavid10.mitel-nhwc.com/join/bfyytsh