Pre-close View… And a special note.
TODAY’S WRAP WILL BEGIN AT 3:30, AND I’LL BE UNAVAILABLE FOR THE SESSION’S LAST 15 MINUTES.
I’m giving the rally every benefit of the doubt for being able to resume during the final hour. This is despite the final hour’s 2094.00 entry overlapping the bias environment’s 2094.25 high, and each being contained by the noon hour’s 2094.50 high.
An interim surge before the final hour did probe fresh afternoon highs up to 2095.25. That’s not necessarily bullish, especially not if the 3:10-3:20 timing window doesn’t trend up to fresh session highs.
Overbought RSIs at this morning’s 2097.25 high still require an eventual retest. And that’s likely so long as the afternoon 2093.50 bias-up signal holds tests as support.
The likeliest alternative to rallying is still just to range sideways, essentially hovering into the close.
