Pre-close view… Last chance for gasp.

Did afternoon plunge step out of bounds?

This afternoon”s bias environment triggered no-bias. That didn”t prevent probing under its 2071.75 bias-down signal. This is called “no-bias trending” and requires revisiting the bias-down signal. 

We anticipated yesterday”s probe above its afternoon bias-up signal to retrace for the same reason. Typically, that delayed strength is the work of weak-handed sponsorship. An exception to the retracement is if the bias environment is exited beyond the bias-down target. This would signal that sponsorship was actually strong-handed.

That exception was attempted by testing this afternoon”s 2066.25 bias-down target, down to 2064.50. But the bias environment began lapsing at 2:30 at 2068.50. So, the 2071.75 bias-down signal requires being retraced.

There”s still no assurance of that being today. And it could be a couple of days otherwise.

A bounce testing 2069.00 tried to reverse momentum up. Its reaction down to 2066.75 tried to reverse momentum back down. If either were to gain traction, exacerbated by expiration, the balance of the session should trend relentlessly and considerably.