Pre-close View… The coast is clear.
Backing-and-filling can resolve up now, if it wants.
This morning’s drop down to 2139.50 neutralized the attraction below, and reacted up. Bouncing to 2144.00 during the noon hour and to 2145.50 during the afternoon bias environment has extended to greet the final hour testing 2147.25.
That was this afternoon’s bias-up signal. It’s still resistance, but probing it wouldn’t be “no-bias trending” doomed to failure. Probing higher now can run.
Exploiting the opportunity could have marginalized sellers through tomorrow morning. But the final hour wasn’t yet entered above the bias environment’s high. And it’s still being tested.
Retesting the 2152.25 overnight high is the likely reward for absorbing today’s dip. That’s possible now that the last hour has arrived.
