Pre-close view… Hut, hut, hello?

No surprise: no hike. No disappointment, either.

At least, no disappointment of its own accord. The only reaction down followed the initially favorable knee-jerk reaction up. That was a 6-point spike from 2096.00 that plunged almost 11 points to fulfill the required test of 2091.50.

Reaction to the spike up, attraction below… There”s only one opportunity for a rejected spike up to trend down. Consolidating momentarily just under 2096.00 failed to extend down, and now fresh highs just tested 2104.00.

Recovering back above the spike”s 2096.00 origin all but required retesting the spike”s 2102.25 peak. Waiting to retest 2102.25 until the bias environment began lapsing at 2:30 has helped to inhibit counter-trend sponsorship from rejecting it again.

And now entering the final hour above the bias environment”s high gives the 3:10-3:20 timing window an opportunity to gain traction. Probing fresh highs would make follow-through tomorrow likely. Back under 2099.25 would be vulnerable instead to a sliding into the close