Pre-close View… Just another day.

Plunge to new lows recovers into positive territory.

Rejecting tests of one set of bias parameters and exceeding the other set — all by 10:15 — reflects substantial sponsorship. So does extending another 20 points. That’s what this morning’s open did,  from 1910.75 down to 1865.00.

Oversold RSIs at the low require an eventual retest (which would target 1862.75), so we know those sellers aren’t done. But they’ve taken a break, as the afternoon bias environment exit tests 1902.00.

This short-squeeze could be the beginning of a bigger recovery back up to 1924.00 or higher. That, or like the overnight rally, sellers have been refueled for yet another drop to fresh lows.

Back under 1895.00 would start to signal another downleg underway, regardless of how productive it might be before the close. But extending the recovery above 1903.00 would rally through the close.