Pre-close View… Is there time for another dip?

Pressure of weekend illiquidity giving market the bends.

The open’s failure to recover 2088.00 told us that buyers weren’t retaking control. That’s didn’t prevent a bounce from testing the morning’s 2091.50 bias-down signal as resistance.

The noon hour didn’t extend down. It only touched the afternoon’s 2080.50 bias-down signal. That was recovered up to 2093.75 — back above 2088.00 where another timing window could recover it.

But the afternoon’s bias environment has begun lapsing back at 2088.00. And the bias environment’s 2084.50 low is being attacked. This NOT recovering 2088.00, again. And that’s despite having probed above it, again.

Any lower would all but ensure extending down to 2080.50. And below there could test the 2070.00 area today. Perhaps the last chance to avoid extending down is to enter the final hour above 2088.00, although even that would be suspicious at this stage.