Pre-close View… Done, or done?

Ending volatility, or resuming the decline.

This morning’s test of the 2252.25 objective was retraced up to 2258.00. That was through the noon hour and during the bias environment. The no-bias environment’s 2256.00 bias-up signal needed to define the window’s upper-end, which it did, attracting price back down to it as the bias environment lapsed.

And then lower. The 3:10-3:20 proxy window extended down to 2253.00. The only lower support is obligatory, it’s the upper-end of the shallow consolidation off the morning’s low. Any lower would resume the decline, next targeting 2249.50.

It’s late, and it’s thin, so extending down isn’t as reliable today as it would be earlier in the day, or in the week. Meanwhile, bounces should be limited to 2256.00.