Pre-close view… Friday Factor fluff?

Remaining under pressure, but not extending.

This afternoon”s no-bias environment began lapsing at the noon hour”s 2084.25 low. Then fresh afternoon lows were probed down to 2082.25 just several minutes past 2:30. Any earlier would have been relevant.

The final hour was entered under the bias environment low, but the 3:10-3:20 timing window didn”t confirm. Sellers gained no traction for their effort.

RSIs did diverge positively at the 2082.25 low, producing a bounce to 2087.00. But the bounce isn”t credible for extending higher, since the 2082.25 lows stopped optimistically short of touching this morning”s low, and that”s potentially bearish from a contrarian perspective.

Extending down to 2080.50 before the close, or not, this afternoon”s selling pressure could have been a lot worse into the weekend. Instead, the morning”s drop wasn”t exceeded before entering the position-squaring window at 3:37. So, sellers are still considered weak-handed.