Pre-close View… Highs holding on.

REMINDER: MARKET WRAP BEGINS AT 3:33pm ET.

Breaking higher from this afternoon’s consolidation did almost literally explode higher. But only to attack 2267.00, and only briefly. That was a delayed reaction reaction to FOMC Minutes, and not knee-jerk, so its overbought RSIs do require a retest.

Meanwhile, the rally has surpassed all prior “higher prior lows,” and is now only resisted by prior highs. Reactions down from prior highs tend to be only temporary. This further improves our confidence in probing new highs.

But this afternoon’s buyers didn’t gain traction for their efforts. Although the bias environment was exited above the noon hours high, the final hour wasn’t entered higher. And the 3:10-3:20 timing window didn’t serve by proxy — not for lack of proximity.

Probing above 2266.00 could still surge higher before the close. But its durability would be suspect, for having originated too late. And back under 2262.50 would instead start to signal momentum reversing down.