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Pre-close View… Digesting a detour down? – If, Then… Market Timing

Pre-close View… Digesting a detour down?

Retracing the noon hour’s slide.

es_091916_pmWhatever triggered the noon hour’s 8-point slide from 2143.00, it had follow-through. The noon hour exit was probing fresh lows down to 2133.00, and the bias environment entry was on its way down to 2128.00.

All of which triggered the 2136.00 bias-down signal and fulfilled its 2130.00 target.

An 8-point rally exited the bias environment at its 2136.00 bias-down signal. And the final hour is being entered at 2139.00. That’s still short of the noon hour plunge’s 2143.00 origin, or its potential for just a correction up to 2141.50.

Back under 2135.50 would signal the bounce had ended, likely to close back under 2134.00 and reconfirm the distributive market. But trending up through the 3:10-3:20 proxy window would at least make tomorrow morning likely to retest today’s highs.