Pre-close view… Ending on an optimistic note?

Fresh lows probed until the very last possible minute.

The afternoon”s 2087.25 bias-down target was met by 1:20, and wasn”t exceeded. Sellers were neither patient nor overwhelming. That didn”t preclude extending down further, since it was still a bias-down environment. But it prevented a bounce from exceeding its 2092.75 bias-down signal.

In fact, 2087.25 was probed momentarily by 1 point before bouncing to 2094.00. Ranging sideways into the final hour then surged to 2096.25.

It”s a little late on a Friday for fresh afternoon highs to produce another downleg. It”s also getting a little late for buyers to gain traction. So long as 2092.00 holds as support, extending higher should test this morning”s 2098.50-2099.25 preliminary levels.

Sellers gained no traction for today”s efforts, since the bias environment was exited within the noon hour”s range and the final hour was entered within the bias environment”s range. The downward influences were ultimately satisfied, albeit at their last possible moments. But the lows weren”t rejected in time to rely on trending back up next week, or absorbing another break lower.

REMINDER: This weekend”s Saturday Review will begin at 9:30am ET. There is no review next week due to the holiday..