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Pre-close View… Capitulation, shmapitulation. – If, Then… Market Timing

Pre-close View… Capitulation, shmapitulation.

Probing higher and higher highs.

Renewing the bias-up signal above its 2058.00 target didn’t prevent initially dipping. But it wasn’t likely to extend, and in fact held an attack on 2055.00. The bias environment ultimately probed higher to attack 2066.00.

The actual bias environment exit was overlapping the noon hour’s 2062.75 highs despite having probed 3 points highs. The final hour’s entry was back under the bias environment’s 2065.75 high despite probing more than 1 point higher. And now the 3:10-3:20 window has avoided extending to fresh highs.

Buyers aren’t gaining traction for today’s effort, they’re simply being fulfilled. None of which is a sell signal. Tomorrow’s open could still extend the rally by gapping up. Otherwise, a retest of 2043.00 remains likely.