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

Pre-close View… Fluttering persists.

Choppy, range bound action still underway.

This afternoon’s bias environment began with a false break down to 2057.25. The 2059.25 bias-down signal had been touched in time to invoke the grace period, but it was recovered in time to trigger
late no-bias.”

This afternoon’s bias environment also recovered up to 2069.50. The 2071.00 bias-up signal was never really threatened.

Now the bias environment has lapsed. Its 2059.25 bias-down signal was just touched. Every intraday downleg has been the consequence to a failed rally, and there’s no reason why this dip has any greater likelihood for extending down.

Today’s session has produced a lot of inflection points, and the inflection points have been very productive initially. But trending opportunities have been absent.