Pre-close View… And a reminder.

Join us this evening in Manhattan at 6:30pm ET.

REMINDER: Please email me your mobile number if you’ll be joining us this evening at Hama Sushi & Sake, 11 W. 51st (info here).

This afternoon’s 1981.00 bias-up signal did not trigger. That didn’t prevent probing above it during the no-bias environment. In fact, its 1986.00 bias-up target was met. And it was tested up to 1987.75.

Exiting the bias environment above its bias-up target can invalidate the no-bias trending that would otherwise require being retraced. Well, despite being poised to do just that, the no-bias trending was retraced back down to its 1981.00 bias-up signal. It was further retraced to the 1977.50 1:20 print.

So, the bias environment was exited above the noon hour’s high, but the final hour was entered lower. Can the 3:10-3:20 window rally 8 points to probe fresh session highs? That’s the only way for buyers to gain traction for today’s efforts.

I’m giving buyers a benefit of the doubt for recovering, anyway — whether through today’s close or by gapping up tomorrow — if only because I’m not seeing distribution that would point lower.