Pre-close View… Heading down.

Mid-day bounce is faltering.

this morning’s 2126.75 low held. The interim bounce up to 2136.50 peaked during the noon hour. The bias environment ranged sideways. But the last 60-90 minutes have so far trended down.

Oversold RSIs at the low required an eventual retest. It was just retested, but RSIs are oversold again to prevent neutralizing the attraction. Back above 2131.00 would start to signal another detour, but otherwise fresh lows are likely to test 2122.50.

Fresh lows this morning or earlier this afternoon would have been likely to trigger the domino effect targeting 2118.00 and lower. That’s still possible, but less likely for having resumed downtrending this late in the day.