Pre-close view… Friday Factor.
Still time for a squeeze?
The afternoon”s bias environment”s 2108.00 exit at 2:30 was under the noon hour”s low. Entering the noon hour even lower would have given sellers traction, but it was entered at 2110.00.
Fresh lows through the 3:10-3:20 timing window would be a proxy for the final hour”s entry. But the window is bouncing, not dropping.
Probing the bias environment”s 2112.00 high through 3:20 would at least trigger trending through the close. It has been attacked to within2 ticks, and would get a benefit of the doubt if probed without any interim retracement.
Meanwhile, there”s no requirement to trend any more so today. But trending down continues to be the least likely option.
There won”t be any hold-long (or hold-short) today. And don”t forget about tomorrow morning”s Saturday Review!
