Pre-close View… Hanging by a thread.

Fresh session lows sitting on another precipice.

Chipping away at this afternoon’s 1974.75 bias-down target finally gave way. The chart makes clear that it was critical support, as the last leg overlapping it suddenly plunges 13 points.

Plunging through 1865.00-1868.00 ultimately extended to attack 1856.00. Its reaction just touched 1868.00.

Sellers didn’t gain traction for the effort. The bias environment’s exit was definitely under the noon hour’s low, but the final hour’s entry was back within the bias environment’s range. So, we already know that extending down tomorrow would require gapping down.

Not gaining traction doesn’t prevent extending down today, anyway — especially since 1865.00-1868.00 wasn’t recovered through a relevant timing window. Back under 1862.00 would resume the decline under Friday’s 1850.00 low. Back above 1868.75 could form a bigger detour to 1874.75.