Pre-close View… Don’t blink.

Another path higher has come available, momentarily.

Triggering this afternoon’s bias-up signal didn’t delay extending to touch the 2048.50 bias-up target. And touching the 2048.50 bias-up target didn’t delay reacting down.

Having recovered from a fresh low, exiting the afternoon’s bias environment back above the morning’s 2047.00 high would signal a trend reversal. Its objective would be the origin of the fresh low’s leg, which was Thursday’s 2059.75 high.

Sounds bullish.

But the morning’s 2047.00 high was only probed temporarily. Not even testing it would have been more bullish than to test it and NOT exit the bias environment back above it.

There’s still time to rally as the bias environment lapses into the final hour. But not much time, so any valid recovery should be sudden, steep and substantial. Without there being a real recovery attempt, let alone its failure, further downside isn’t likely.