Was anxiousness ahead of INTC”s

Was anxiousness ahead of INTC”s post-close earning responsible for inhibiting an afternoon recovery? That can happen during earnings season, and we”re definitely in it. But if the market intended to extend the recovery from its morning drop, and the impending earnings caused that recovery”s delay, then resuming the rally should compensate for the delay. This means surging immediately if not gapping up Wednesday.

Meanwhile, buyers gained no traction for Tuesday afternoon”s efforts. Resuming the rally immediately should begin by surging immediately or by gapping up.

Also, the correction from Monday”s high to Tuesday”s low fulfilled the lowest pullback limit. Literally, as much selling pressure as could be expended without gaining traction has been expended. So, there is no excuse for delaying the rally”s resumption.

The first condition makes a rally likely to begin aggressively. The second condition makes a rally likely to begin aggressively if it begins at all. And the third condition makes not rallying aggressively bearish.

Barring surprising dramatic news that must be absorbed, this resolution should be obvious almost immediately Wednesday, one way or the other..

Here”s the recording of Tuesday”s post-market Wrap (take-two, since take-one encountered some sort of technical difficulty):
https://roddavid10.mitel-nhwc.com/join/bwzzjxp