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Pre-close view… Going for the kill. – If, Then… Market Timing

Pre-close view… Going for the kill.

The final hour has probed fresh session highs. Actually, fresh post-open highs, touching the 2103.75 pre-open high.

But that”s not traction. The final hour”s entry, itself, was still overlapping the bias environment”s high, the bias environment exit was still within the noon hour”s range, and the 3:10-3:20 timing window only hovered at the highs instead of trending higher.

I wouldn”t step in front of this and short it here, but I wouldn”t hesitate too long if price is dipping under 2101.00. Despite not signaling new sponsorship, the recovery is vulnerable to extending to 2105.50.

If the recovery isn”t extending, then it”s likely to trend back down. Retesting 2087.75 today would be a little surprising, but not much.