Pre-close View… Another distraction.

This afternoon’s distraction is world events.

Not to minimalize the tragedy of it all, but several terrorist actions around the globe are having a similar effect this afternoon as did the president’s press conference Friday.

This afternoon’s 2261.00 bias-up signal didn’t trigger, but it was practically busting at the seams during the bias environment. It was probed up to 2262.50, and then retested as the bias environment began lapsing. No longer being required to define the range’s upper-end could have repeated the open’s surge, but that was overtaken by headlines.

Several terrorist actions around the globe have injected an unknown that wasn’t part of the market’s earlier calculus. That’s not so much bearish as it is inhibitive to rallying.But not rallying IS potentially bearish, since there is “unfinished business below” at this morning’s 2251.25 bias-down signal.

Not trending back up through 3:10-3:20 makes rallying unlikely before the close. Not probing any deeper would allow the 3:37 position-squaring window another chance to rally. Meanwhile, flat-to-lower is likely.