Pre-close View… There they go.
Range breaking lower into bias environment exit.
Wednesday afternoon’s bias environment began lapsing as price was dipping from its 2036.00 upper-end down to 2032.00. Selling soon accelerated down to 2026.50.
Being Wednesday afternoon ahead of a 3-day holiday weekend, like the expiration indicator, downtrending into the weekend is now likely. That is, assuming the break is maintained through the close, and also assuming Thursday’s open doesn’t recover immediately and reject Wednesday afternoon’s break.
The bias environment exit was still within the noon hour’s range. The final hour’s entry being under the bias environment’s low, trending down to fresh lows through the 3:10-3:20 timing window would confirm sellers gained traction.
