Pre-close view… Expiration egress.

Sellers gaining traction on an inside day.

Thursday”s range has yet to be probed in either direction, and might not be. That would make today an “inside day.” An inside day”s bias tends to be counter-trend. More so,an artificially influenced bias (e.g. expiration).

We”ll continue that discussion later.

Meanwhile, the afternoon”s bias environment was exited at 2:30 under the noon hour”s range, and the final hour was entered lower. Sellers gained traction for their efforts. The 3:10-3:20 timing window probed fresh lows, too — down to 2101.00 — but not durably.

Oversold RSIs make the drop vulnerable to reacting up, which can be exacerbated by the fast-approaching two-weekend”s illiquidity. Back above 2104.00 would start to signal a short-squeeze underway, albeit doomed to failure. Otherwise, the next lower attractions are 2099.25 and 2097.25.