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

Pre-close View… Gloves off.

Inhibitive, prohibitive influences lapsing.

The morning and afternoon no-bias environments were appropriate for the holiday-depressed volume. But now those influences have lapsed. Even the holiday is no longer relevant, as a session’s final hour becomes more about the day coming than the one ending.

The afternoon’s 2073.00 bias-down signal held as support during the no-bias environment. It reacted up to within 1 tick of 2078.00 whose recovery would have launched a new rally leg. And that recovery peaked at 2:30 when the bias environment began lapsing — still trending higher any later would have been bullish.

The reaction down is attacking this morning’s 2069.50 low to within 3 ticks. Breaking lower would have potential to 2062.75 and lower.