Pre-close View… Detour detoured.
Corrective bounce cut short.
The no-bias environment was not biased. The noon hour had touched this afternoon’s 1996.50 bias-up signal but didn’t trigger it at 1:20. The no-bias environment tested the 1986.00 bias-down signal but didn’t probe it.
But now the bias environment has lapsed. Exiting the bias environment above prior highs could at least have produced a corrective bounce. Instead, The bias-down signal is being probed.
The attraction to this morning’s oversold RSIs at 1981is in-play. Already neutralizing its attraction and recovering from fresh afternoon lows would have enabled an even bigger corrective bounce. But now it risks resuming the decline.
The lowest buy signal will be 1990.50. Nothing short of it today would be credible for reversing momentum up. Meanwhile, regardless of the path there, fresh lows remain likely.
