Pre-close View… Eyes closed, full ahead.
Powering through the point of vulnerability.
Retesting Friday’s 1968.75 pre-open high had targeted 1971.00 (+/-, probably +). It was pierced by 2 ticks. Then the retest would become vulnerable to reversing down.
But price only reacted temporarily, attacking this afternoon’s 1966.00 bias-up signal as support. Rather than extend down further, a recovery has probed fresh highs attacking 1976.00.
The rally didn’t gain traction for the effort. The bias environment began lapsing within the noon hour’s range to avoid gaining traction. Despite entering the final hour above the bias environment’s high, the 3:10-3:20 window did not confirm.
None of which is a sell signal. Back under 1970.50 is a sell signal. Its targets all lie under Friday’s highs — at least under Friday’s pre-open 1968.75 high and the post-open 1961.00 high, if not also much lower.
