Tuesday”s post-open dropped met and

Tuesday”s post-open dropped met and held its objective at 2088. No lower target was put into play. The entire session trended down, which expends a lot of energy. All of that selling pressure expended, without gaining any traction for the effort. And this followed the overnight high”s retest of last week”s highs up around 2105. The pessimism was ineffectual. It”s not as if the rally didn”t deserve a rest, having retraced all of the interim dip down to Friday”s low. So, nothing about Tuesday”s session was bearish — if anything, its action helped to preserve upward momentum. Wednesday”s open would need to maintain a significant break lower to undermine the ongoing potential to new highs. Here”s more detail in Tuesday”s post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/fbfkmtt