Pre-close View… And a special note.

NOTE: Market “Wrap” will begin early today at 3:45 so we can discuss the bigger picture (there is no Saturday Review this weekend).

The noon hour rallied. It was entered at 2031.00 and extended to within 1 tick of the afternoon’s 2037.00 bias-up target. But that was retraced entirely, and then some, to test the 2026.00 bias-down signal.

Overlapping 2026.00 within 3 minutes of 1:20 invoked the grace period, which held. But being a Friday, the “late no-bias” signal didn’t enjoy its normal influence. Multiple legs overlapping it probed lower and lower to 2023.00.

Now the bias environment has begun lapsing. Fresh lows are testing 2018.00. The next opportunity for reacting up sharply would be 2015.75. There is otherwise potential down to 2012.00.