Pre-close View… Are they through, yet?

Afternoon plunge failing its recovery.

Exiting the noon hour in decline from 2028.25 slid sharply to 2012.75 at the bias environment’s low. The balance of the bias environment consolidated under its 2016.75 bias-down target, then around it, and finally just above it up to 2018.50 — until 2:30, when the bias environment began lapsing.

Exiting the bias environment by surging 6 points to 2024.00 retraced more than 61.8% of the plunge. But now another dip is testing the afternoon’s 2016.75 bias-down target. And the 3:37-3:52 position-squaring window is around the corner.

Oversold RSIs at the 2012.75 low require a retest. Not necessarily today, not if 2019.00 were recovered first, and especially not if 2021.25 were recovered, too. But nothing above requires a retest, so extending down sharply today or overnight can’t be discounted.