Pre-close view… Ineffectual optimism.

Hovering just above the lows isn”t the same as basing.

The bias environment began lapsing from above 2093.50, but short of 2095.50 whose recovery would have launched a late-afternoon rally.

Not that sellers have exploited it. Not much. Very narrow ranging just above 2091.00 support has persisted through the position-squaring window.

Presumably, more fresh lows are on their way, and presumably to include a test of 2088.00. But not necessarily before the close. Sellers didn”t gain traction for today”s efforts — the bias environment was exited within the noon hour”s range, and the final hour was entered within the bias environment”s range.

Tuesday is essentially the inverse of yesterday, with the intraday trend not doing what”s necessary to assure extending tomorrow.