Pre-close View… Drifting higher into the sunset.
Having held range’s lower-end, upper-end now attacked.
This morning’s drop back down to yesterday afternoon’s 2192.00 prior lows did hold their test, where at least 1-minute RSI diverged positively. The noon hour’s rally extended to test but not trigger this afternoon’s 2196.75 bias-up signal, which then defined the bias environment’s upper-end.
Now the bias environment has lapsed. The open’s 2198.00-2101.00 opening range is being probed. The 2200.00 opening print is being attacked. This isn’t yet within the 2203.00 overnight high’s orbit, but there’s no bearish reason to have retraced only this much of the reaction down.
The bias environment began lapsing above the noon hour’s high, and the final hour was entered above the bias environment’s high. That’s traction. Depending on the final hour’s pattern, there may still be a setup for a session-long decline. Meanwhile, fresh highs remain likely whether overnight or tomorrow.
