Pre-close View… Early Market Wrap.

Today’s market Wrap will begin at 3:33 PM ET.

Bouncing into the bias environment exit couldn’t make it back above the open’s 2141.50 lows. Not for lack of trying, with multiple tests through 2:00-2:30 when the bias environment began lapsing.

So, not for lack of trying, But if the bias environment wasn’t rallying — budding into a short-squeeze – then sellers were not fully absorbed. That essentially marginalizes buyers for the day.

Back under 2138.00 resumes the decline, especially if confirmed by fresh session lows through 3:10-3:20, potentially confirming the decline’s momentum through Wednesday morning.