Pre-close View… Going through the motions.

Afternoon bounce is far from optimal.

Having triggered noN-bias at 1:30, the bias signals weren’t required to define the bias environment’s range. But they did. The 2133.75 bias-down signal held as support, and price gravitated up. Up, and away from this morning’s 2128.25 bias-down signal, whose test has become “unfinished business below.”

But that’s not necessarily bullish.

Recovering the 2137.50 prior high at 2:30 with the bias environment lapsing would have been bullish. But it was still being tested then. Price firmed further, and entering the final hour at 3:00 above the 2139.25 prior high would have been bullish. But it was only being attacked to within 1 point. Recovering the 2140.00 prior high through the 3:10-3:20 proxy window…

Anyway, you get the picture. A lot of buying pressure has been expended without gaining any traction for the effort. But the rubber band has been stretched. And yesterday’s high is holding as resistance.

None of which is a sell signal.

But breaking back under 2135.75 (being tested now) could trend back down aggressively into the close. The market may be vulnerable to extending higher, but there is no requirement other than to probe fresh lows.