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Pre-close View… Fearless. – If, Then… Market Timing

Pre-close View… Fearless.

Still probing fresh highs ahead of oncoming news.

This morning’s no-bias had put into play an offsetting test of it 1986.00 bias-up signal. It was a late signal, so the test wasn’t required. But it was fulfilled anyway.

And still being within the orbit of overnight highs attacking 1988.00, their retest also became likely. That was done by fresh highs testing 1989.50.

Reacting down while entering the final hour overlapped the bias environment’s high. That didn’t help to confirm whether traction was gained by the bias environment’s exit above the noon hour’s high. Fresh highs through the 3:10-3:20 window would still do that.

Good luck with that. Although there remains upside potential to test 1993.00, it’s not required. And sponsorship often becomes paralyzed by anxiousness ahead of the Employment Situation report.

So extending higher is possible, but difficult , if not unlikely. Drifting back down toward or to session lows is likelier.