Pre-close view… Is it safe, yet?

Fresh highs threatening to gain traction.

The afternoon”s 2059.25 bias-up target was met and not exceeded by 1:20, so the bias-up signal wasn”t renewed. The bias environment hovered narrowly around 2059.25, until a late dip that touched the 2053.75 bias-up signal as support.

Its reaction up rallied 19 points to 2073.00. The final hour was entered well above the bias environment”s high. That would have been bullish for tomorrow if the bias environment had been exited above the noon hour”s high. Nevertheless, it could be bullish if the 3:10-3:20 window were to extend to fresh highs.

Not confirming the final hour”s entry wouldn”t default to bearish. And it wouldn”t prevent extending higher today after 3:20. Its absence would leave the door open to yet another intraday dip. Intraday dips are vulnerable to probing new lows, and there”s no bullish reason for another fresh low.

Meanwhile, quarterly earnings news will take on a higher profile, helping to drown out the noise of Greece thrashing about on the hull of the market”s deep sea fishing boat. That might actually help to insert a rally.