Pre-close View… Done, or down?

Unfinished business below is neutralized.

Yesterday afternoon’s 1952.25 bias-up signal didn’t trigger. That didn’t prevent extending higher to and through its 1957.75 bias-up target before the bias environment had lapsed.

That didn’t invalidate the “no-bias trending” that required being retraced. But it reflected an underlying counter-trend sponsorship to be feared and respected. In fact, Tuesday’s rally extended another 11 points into the close, and then another 23 points overnight. That didn’t invalidate the no-bias trending’s required retracement, either.

There’s no timing element to that retracement. But it has now been retraced entirely, down to 1949.75. Nothing lower is required, although there’s potential to yesterday’s 1948.50 print at 1:20.

Meanwhile, the final hour was just entered back above the bias environment’s lows. It was positioned to be more decisive than it accomplished, but trending back above a relevant higher through 3:10-3:20 should be feared and respected. Otherwise, it might be impressive enough just to retest 1967.25.