Pre-close View… Good to the last drop.

Air pocket, or not, downside targets met.

REMINDER: MARKET WRAPS START EARLIER, AT 3:33 ET.

This afternoon’s 2237.25 bias-down signal was overlapped at 1:20 to invoke the grace period. It was being attacked from above to within a single tick to avoid triggering bias-down. It was pierced 2 minutes later, too late to trigger.

But it wasn’t a clean no-bias. Not even a clean late no-bias. Undermining a bottom also undermined potential for drifting flat-to-higher. So the decline extended down anyway, touching the 2232.00 bias-down target. A brief bounce has resolved down to fresh lows at 2228.00.

Oversold RSIs prevent a durable bounce. Higher lows, but still oversold. And now the final hour has been entered under the bias environment lows, which was exited under the noon hour lows. Sellers have gained traction, so another corrective bounce would trigger above 2232.50. But trending down into the close wouldn’t be surprising.