Pre-close view… Another narrow escape?

There”s a path to resuming the rally. But the door to it is closing.

The afternoon”s bias environment was entered after retesting the morning”s 2087.00 low. The bias environment began by bouncing back up to the noon hour”s 2092.50 high. Noise.

Then the noise grew louder, by plunging 11 points to 2081.50. During the no-bias environment. And 3 points under the bias-down signal. That”s no-bias trending, which required bouncing back up to the 2084.50 bias-down signal.

The bounce could have been reversed back down to resume the decline next targeting 2077.00. But the bounce extended back up to the 2089.50 1:20 print. Entering the final hour above it would have helped to avoid resuming the decline down to 2077.00. But it was exceeded 1 minute later.

Oversold RSIs at the 2081.50 low require its eventual retest. That can be delayed so long as the balance of this session resumes rallying. Closing today in positive territory would essentially isolate today”s selling to help fuel a rally tomorrow (if not already overnight). That path higher should be obvious no later than the 3:10-3:20 timing window, or else the intraday decline will have more likely resumed.