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

Pre-close view… Going for three.

Two consecutive timing windows ranged relatively narrowly. They were choppy, but didn”t trend. Two often becomes three, so won”t be surprising if the range were to persist through the final hour.

Exiting the bias environment beyond the noon hour”s range could have signaled trending. Entering the final hour above the bias environment”s 2067.00 high and the noon hour”s 2068.00 high would still be credible for trying to gain traction.

In fact, 2067.00 is being probed now, attacking 2068.00. But remember that potential for two sideways ranges to become three? An attempt to break them in one direction can ricochet more substantially in the opposite direction.

Whichever direction the range does break, if at all, monitor confirmation from the 3:10-3:20 timing window extending to fresh afternoon extremes.