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Pre-close View… Back to business. – If, Then… Market Timing

Pre-close View… Back to business.

Bias environment lapsing, so another fresh is likely.

One timing window during a session-long setup tends not to probe the prior window’s extreme. Usually, the noon hour is the exception, but today’s noon hour probed above the morning bias environment’s high. That left either the afternoon bias environment, or the final hour.

It was the afternoon bias environment. Its retracement wasn’t deep, only down to 2070.25, just 4 points off the high. So, if today’s session fulfills the session-long rally properties, then fresh session highs are on their way.

Technically, just probing above 2073.50 would fulfill the requirement, since that is the bias environment’s high. But often, the session-long setup will trend into the close, which keeps alive potential to 2080.50.