Pre-close view… Hovering high.

Greece news reaction hasn”t extended, and hasn”t reversed.

PROGRAMMING NOTE:
I am unavailable during today”s final hour. We”ll do Market Wrap early at 2:55pm ET. Its recording link will be sent tonight.

Since spiking up this morning, price has only ranged narrowly sideways. This afternoon”s 2106.50 bias-up signal was touched several times but never pierced. Its last reaction dipped to test 2103.00.

That was recovered to test the 2106.50 bias-up signal, during the no-bias environment — and the no-bias signal is intended to define the no-bias environment”s upper-end until the bias environment begins lapsing at 2:30. But just coming to within 10-15 minutes of 2:30 now allows trending to start at any time.

By the way, the afternoon”s bias environment pierced the noon hour”s high by a couple of ticks. The noon hour”s high had not pierced the morning”s bias environment high. If today is still behaving like a “session-long rally,” then the final hour should trend to new session highs.

Regardless of how strong it is, Wednesday”s rally is just one day. A second consecutive higher close is needed for confirmation that new highs are back in-play. Closing today above 2111.75 and 2117.00 would be increasingly likely to extend higher Thursday.