Pre-close view… Didn’t break it, time to make it.
Afternoon consolidation should be ending now.
The noon hour and bias environment edged lower. But the pattern wasn”t distributive, so there was no sell signal.
The bias environment was exited under the noon hour”s 2094.50 low, which was the first time a sell signal was considered. But the sell signal was only touched and not triggered. So the final hour wasn”t entered any lower. Sellers didn”t gain traction after edging lower through two consecutive timing windows.
Entering the final hour above the bias environment”s 2095.50 high would have been bullish, but that was barely attempted. Trending up through the 3:10-3:20 proxy window to probe the noon hour”s 2096.75 high would be bullish, too. An as that window now opens, 2096.75 is being attacked to within 3 ticks.
If buyers gain traction here, the balance of the session could fulfill expectations for sharply higher highs into the close. But it all depends on extending higher through 3:10-3:20.
