[Tuesday”s post-market Wrap recording is

[Tuesday”s post-market Wrap recording is here:
https://roddavid10.mitel-nhwc.com/join/rkrrmvp]

Tuesday”s rejection of Monday”s last-hour drop recovered levels that suggest all prior highs will be recovered, too. This is regardless of the afternoon”s slide, and despite the slide ending under the lows of Monday”s last-hour drop. The reason? Timing windows.

Tuesday”s rally legs developed during relevant timing windows — triggering the morning”s bias-up signal would be the most obvious. Yes, its target was met, and its target served as the session high. But its reaction down started too late to be sponsored by strong hands, due more to the 3:10-3:20 timing window..

There was enough momentum to trigger a sell signal (at 2077.50) upon entering the final hour. Its great productivity was as much a function of strong-handed buyers being patient, instead of defending during a timing window that is largely irrelevant.

That selling pressure quickly extended after the close to its 2066 target, which will be easier to recover in the morning. Actually, if not already in recovery mode overnight, or at least gapping down to the support of “lower prior highs” at 2061, then something much more substantial is attracting price back down. There remains potential for one more slightly higher high before ultimately resolving down, which can be tricky if the cause of that ultimate resolution is gaining on us.

REMINDER: TRAINING SESSION THURSDAY AT 6PM ET