In the absence of up…
…down.
The afternoon bias environment stopped 1 tick short of touching the morning bias environment”s late 2106.25 high. Rather than exploit that pessimism by surging, the final hour”s entry attacked the noon hour”s 2101.50 low.
All of today”s timing windows have touched 2101.50. Its support has been thoroughly chipped away. Entering the final hour at fresh lows would all but ensure extending down today to 2095.50.
2101.50 is being overlapped now, but from below, after having probed under it down to 2100.25. Oversold RSIs at the low doom any bounce to failure, dooming a premature buy signal to failure even if the bounce limit were violated.
