Pre-close View… Hanging by a thread.
No-bias trending is extending.
This afternoon’s 1877.00 bias-down signal didn’t trigger at 1:20. But it broke lower anyway to lower and lower lows, eventually testing 1866.00.
Sellers gained no traction for the effort. The bias environment exit was under the noon hour’s low. But the final hour’s entry was still within the bias environment’s range. Barely, and on its way to probing a fresh low, but not by enough when it mattered.
Now a steep 8-point bounce through the 3:10-3:20 window is within 3 points of 1877.00. Regardless of the eventual resolution, the afternoon’s bias-down signal must be tested eventually since its break was premature.
It’s too late for a bounce to be reliable, when Friday afternoon’s bias environment exit is probing fresh session lows. Testing 1877.00, or not, the pattern remains vulnerable to resolving down.
