Pre-close View… Bottomed out?

Rallying out of the final hour’s lows.

The bias environment exit trended down to fresh lows at 1821.75. The bias environment was not exited above a prior high. The final hour’s entry didn’t recover a prior high. No short-squeeze setup has formed.

Yet, the 3:10-3:20 window rallied to 1839.25.

That shouldn’t happen if the pattern is resolving down today. It’s getting too late both to absorb the bounce and to reject it. Had the rally originated earlier, then the 17-point rally could be 3 times that, and not required to fail. But this late timing is very suspicious.

Meanwhile, RSIs are overbought at the high. So, regardless of the likelihood for ultimately resolving down, reversing down now would be unlikely to extend — not without first retesting the overbought highs.