Pre-close view… Hardly restrained.
Still probing fresh highs.
Sellers were unable to exploit the bullish WedEX”s expiring influence. The noon hour”s narrow ranging barely pierced its 2123.00 pullback limit. The afternoon”s noN-bias signal allowed fresh highs up to 2127.50.
That”s within 3 ticks of the 2128.00 target.
A 2-point dip has recovered into the final hour. But although the bias environment was exited above the noon hour”s high, the final hour wasn”t entered above the bias environment”s high. That would have signaled buyers gaining traction.
There”s a proxy — trending up through the 3:10-3:20 timing window could signal a short-squeeze underway with room up to 2133.00.
Unless the 3:10-3:20 timing window were to trend down, the session continues to be more vulnerable to trending up than to ranging or to reversing down.
