Pre-close View… Ahead of schedule?

Extra selling pressure may have stretched the rubber band.

While retesting 2153.50 was able to include 2147.00-2148.00, its test extended down to 2141.50 coming out of the noon hour.

That extra selling pressure would be bearish, if the extra break were maintained. And it may yet be. But the bias environment bounced up to 2151.50.

The bounce gained no traction. The bias environment exit was still within the noon hour’s range, and the final hour’s entry dipping back into the bias environment’s range. But a squeeze into the close is still possible if the 3:10-3:20 window were to probe higher. That’s not looking good.

Back under 2147.00-2148.00 could resume the decline to test the low’s oversold RSIs, and probably also to trend down into tomorrow’s open. There’s otherwise no requirement to resolve in either direction, and a likelihood to at least test today’s lows before being able to recover.