Pre-close View… Either. That’s all. Not or, just either.

This afternoon’s no-bias was signaled cleanly, not even touching the 1944.75 bias-up signal, let alone overlapping it in time to invoke the grace period. Exceeding it through 1:30 nevertheless invalidated whatever had been signaled at 1:20. And that extended 11 points to 1955.50. In 10 minutes.

Must have been some pretty serious buying, right? Actually, it has been retraced entirely, back into the noon hour’s range at 1939.00.

Extending higher through the bias environment’s exit would have been more than just a corrective bounce. A retest of yesterday’s 1992.00 pre-open high would have been in-play. Not extending higher has taken that off the table.

But the alternative is still unknown. Is yesterday’s decline resuming? Possibly. Or, is a temporary dip underway, with another bounce attempt coming? Also possible, albeit less so.

I don’t think today’s pattern will leave us any further instructions going forward — no hold-long or hold-short, only parameters.