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Pre-close View… Discomfort zone. – If, Then… Market Timing

Pre-close View… Discomfort zone.

Sideways ranging avoids trending attempts.

Touching this afternoon’s 2156.25 bias-up signal reacted down, but only to within 1 tick of 2151.25 support. And that was as the bias environment began lapsing. Price has since firmed.

Firming is only attacking 2155.00, hardly rallying. But the timing is equally relevant, if not more so, to identifying sponsorship. Strong hands would have exploited there position going into this window. So, bouncing just a little is relatively bullish compared to trending down.

Still, buyers aren’t gaining traction today — the bias environment exit and final hour entry are within the noon hour’s range. But back above 2155.00 would be vulnerable to probing 3-4 points higher.

Retesting either Sunday night’s highs or Tuesday’s lows before the other is no clearer. But gapping up tomorrow would make the high’s retest likelier, first.