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Pre-close View… Bookends? – If, Then… Market Timing

Pre-close View… Bookends?

Closing bounce trying to duplicate open’s surge.

Whether originating from the open or from the open’s surge, a pullback had room down to 2082.00 before even threatening the uptrend. Now the open’s surge to 2102.00 has reversed down to 2082.00.

RSIs diverged positively into the test, which didn’t resolve up quickly. Fresh lows had been probed after the bias environment began lapsing at 2:30, but they weren’t rejected by fresh highs going into the final hour. And now an inflection point is being tested at 2086.75 but not yet exceeded.

Back under 2084.00 would trigger another downleg. Otherwise, there remains potential for extending higher into the close, but not necessarily aggressively, not necessarily substantially, and not necessarily.