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Pre-close View… Down for the count. – If, Then… Market Timing

Pre-close View… Down for the count.

Still hovering at session lows.

The bias environment’s 2081.00 exit was under the 2083.50 noon hour lows. But the final hour entry had bounced back into the bias environment’s range. Sellers could still gain traction by trending down to a fresh afternoon low through the 3:10-3:20 window.

That would make the decline likely to extend into and through tomorrow morning. Trending down tomorrow morning would otherwise require gapping under today’s lows.Similarly, trending up would require gapping up above today’s highs.

Paralysis or backing-and-filling remains likeliest ahead of tomorrow morning’s Yellen testimony.