Pre-close View… An amazing turn of events.
Rally off of the morning’s target has gained traction.
We’ve come a long way from the morning’s test of its 1899.00 objective. The final hour’s entry had just probed 1926.00.
We’d come a long way already from this morning’s open under 1918.00, which put into play 1899.00. Not to mention the likelihood for testing it this morning.
And now there’s potential for coming even further tomorrow. The bias environment’s 1916.00 exit at 2:30 was above the 1913.00 noon hour’s high, and the final hour’s 1924.00 high was above the bias environment’s 1917.00 high. Buyers have gained traction.
Closing above 1924.50 would help to avoid any interim dip before rewarding today’s buyers tomorrow morning. But having probed already above 1924.50 does make that a little less relevant.
If this setup can’t hasn’t been improved significantly by noon tomorrow, then it’s probably because a much bigger decline has developed.
