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Pre-close View… We found the exception. – If, Then… Market Timing

Pre-close View… We found the exception.

Final window is dipping.

Each timing window of a session-long rally tends to probe its prior timing window’s high. There’s usually one exception. The likeliest candidate was the noon hour, but that wasn’t it. It seems to be the second likeliest candidate, which is the final 60-90 minutes..

The noon hour and bias environment each probed their prior timing window by a single tick, attacking 2125.00. That’s a single tick more than the final 60-90 minutes, which has slid to 2119.50.

A pullback’s objective is at least 2118.25, if not also 2113.50. Testing either would still not reverse the trend back down. And if the session-long influence remains intact — its influence today possibly being more coincidental — then tomorrow morning should recover to probe above today’s highs.

Fresh highs would next target 2134.00 and possibly 2138.00. Simply sliding into another downleg is possible, albeit unlikely after today’s rally.