Pre-close view… Auto-correct didn’t auto-resume.
Noon hour”s retracement has extended into the afternoon.
The noon hour is usually the one intraday timing window that doesn”t participate in the “session-long rally.” All other windows probe above their prior timing window”s high. One timing window usually does not, and it”s usually the noon hour.
Today”s noon hour did trend back down, and the noon hour does contain the low. So far, only the noon hour contains selling pressure.
But while the bias environment following it hasn”t extended down, neither has it recovered. The window hovered just a couple of points under the noon hour”s 2117.75 high for so long without touching it. Only now is 2117.75 being attacked to within 3 ticks, 20 minutes since the bias environment began lapsing at 2:30.
The bias environment doesn”t finish lapsing until entering the final hour. Recovering 2117.75 by then would get the session-long rally back on track. Trending up further through the 3:10-3:20 timing window would confirm, re-opening the door to fresh session highs.
