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Pre-close view… Laid back sellers. – If, Then… Market Timing

Pre-close view… Laid back sellers.

Creeping lower, but barely trending.

The 2101.50 bias-down signal was still being overlapped both at 1:20 and at 1:30 to avoid triggering. The noN-bias environment didn”t require fulfilling the 2096.00 bias-down target. But it was tested anyway, on the way to 2092.50. Now a 6-point bounce is trying to hold above 2096.00.

It”s negative territory, but not by very much. And sellers aren”t gaining traction for today”s efforts — the bias environment exit was under the noon hour”s low, but the final hour”s entry wasn”t under the bias environment”s low, and the 3:10-3:20 timing window didn”t trend down, either.

So far, it seems that trending down through Friday morning is being attacked with the least necessary effort.

Let”s see what the position squaring window does before drawing a conclusion. It”s opening now at 3:37. The session”s final timing window — last 60-90 minutes — has yet to probe under a prior timing window”s low. It will, if this is a session-long decline session. And it will be vulnerable to ticking down into the close.

Closing above 2099.25 would be the only bullish development possible today, and the trend otherwise remains down.