Pre-close View… Also: Early market Wrap!
I’m able to do a Market Wrap today, EARLY at 3:03 PM ET.
The morning’s plunge corrected to attack 2168.00 but didn’t reacted down deeply enough to trigger bias-down. So, the afternoon’s 2162.00 bias-down signal defined the bias environment’s lower-end.
Until the 2:30 bias environment lapsing came within view.
Spiking down at 2:15 probed fresh lows at 2157.50.The three-week old gap back to 2160.00 is now being neutralized. More than another point lower under 2156.50 would be likely to tumble into the close.
That’s not much likelier than the alternative, which is to range flat-to-sideways. Back above 2163.50 could even drift higher, with room for noise up to 2171.50.
