Pre-close View… A longer temporary.

Sellers still not back in charge.

Sellers did only one thing today. It was pretty big, but their timing marginalized that thing’s relevant. And buyers are exploiting it.

Sellers absorbed the massive gap up and post-open rally. The morning’s probes of fresh highs all overlapped 1904.75 without extending above it. They were rewarded by a reaction down to within 2 ticks of this afternoon’s 1886.00 bias-down target.

But the downlegs timing didn’t reflect strong hands.

Reacting down from the morning’s high didn’t break the relevant 1892.00 level until after the bias environment had lapsed. Testing both of the afternoon’s bias-down parameters was recovered before the 1:20 bias signal triggered. Even no-bias trending above the afternoon’s bias-up signal was retraced well before its extension would have carried a much harsher penalty than just dipping back down to 1899.75.

It’s getting  a little late for any new trending, but the reward is fresh highs and potentially 1909.75. Reacting down could be productive, but probably not durable.