Pre-close View… Imagining support.

Tomorrow’s payrolls report inhibiting attack on the lows.

Triggering this afternoon’s 2047.00 bias-down signal fulfilled its 2042.00 bias-down target to 2039.50, stopping optimistically short of touching yesterday’s low. Bouncing into and out of the bias environment lapsing attacked 2046.00.

Entering the final hour at 2042.00 extended down to 2040.00 before bouncing. Another drop has stopped optimistically short of its prior low.

Optimism can be bearish from a contrarian perspective. Not only in price structure as described above, but also compared to events. And tomorrow morning’s pre-open Employment Situation report is an event.

It’s not unusual for the payrolls report to inhibit volatility the afternoon prior. Maintaining a break in either direction is difficult. Choppy sideways trending through the close wouldn’t be surprising.