Pre-close View… Here come the towels.

Bias environment lapsing, buyers hesitating.

The bias environment’s entry was a test of its 1996.00 bias-up signal, which did not trigger. The bias environment twice more bounced to test 1996.00, which was too late to trigger.

Now, when trending up is again allowed, the market is scraping fresh afternoon lows attacking 1987.00. My nearest buy signal is triggered above 1993.50. Even it is suspicious at this stage of trending down instead of up.

This morning’s low was as much a product of bottom fishers and knife catchers, as of running out of sellers. Now entering the final hour under the opening print, speculative buyers are likely flattening out, while inhibited sellers are getting more accepting of the new valuations.