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Pre-close View… Kicked when it’s down. – If, Then… Market Timing

Pre-close View… Kicked when it’s down.

Afternoon slide worsens the overnight drop.

Having anticipated the downside to unfold quickly if it unfolded at all, lower and lower lows through the afternoon help to confirm the trend is now down. Downlegs have been capitulative, but a late surge could still retrace enough ground to limit the afternoon’s damage.

Now probing 2083.50 resistance just before the position-squaring window opens, extending higher without delay is necessary to avoid new session lows. And new session lows signaled under 2081.75 would be likely to slide through the close.

Regardless, today’;s low can’t serve as a durable bottom, so be aware that any bounce is a temporary correction.