Pre-close view… Bullet dodged?

Bazooka shells on Monday?

Even before this morning”s price action had only ranged sideways, the likeliest afternoon scenario was to range sideways if a plunge wasn”t developing.

This morning”s price action did range sideways, and the afternoon has probed fresh post-open lows at 1971.50. But the open”s decline has not extended, so price action has begun ranging narrowly sideways.

If a plunge targeting 1938.00 or any downleg through the 1967.,25 overnight lows is happening today, then it should be obvious pretty soon. Getting too far into the position-squaring window after 3:37 could drop, but not from bearish sponsorship.

Don”t forget to join us in the chaRTroom at 4:03 ET for the post-market Wrap.