Pre-close View… Corrective dip in a corrective bounce.
Bias-up environment’s support failed.
The noon hour probed repeatedly above the 1909.25 bias-up signal. Its 1914.00 bias-up target was met by 1:20. It was met again after a dip back down to the bias-up signal.
Being a bias-up environment whose target was already met, trending higher would be more difficult, but not impossible. Not until another dip back to the bias-up signal’s support.
Some support. Despite being likely to define the range’s lower-end, it broken lower. Its break extended to 1899.50 during the bias-environment. It extended a little deeper a little later.
Often, trending away from the likely influences is compensated by a surge in the original direction So, any upside traction could produce fresh afternoon highs. Trending down isn’t likely ahead of tomorrow’s report.
