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Pre-close View… Back-and-filled-in. – If, Then… Market Timing

Pre-close View… Back-and-filled-in.

Probing the range’s lower-end.

After recording to unchanged around 1936.50, the morning’s slide back down to and through the 1924.50 overnight low reached 1918.75. An 8-point reaction up has returned back to the morning’s low, and now finally through it to 1915.75.

That last break came right after entering the final hour. So, too late to gain traction. And the bias environment’s exit, although higher, was within the noon hour’s range.

False break?

Possibly. RSIs diverged positively into a retest of 1915.75. Back  above 1918.50 would start to signal momentum reversing up. Extending above 1921.25 would confirm.

Otherwise, extending lower would next target Friday’s “lower prior highs” down to 1914.00.