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Pre-close view… Last chance to trap shorts. – If, Then… Market Timing

Pre-close view… Last chance to trap shorts.

Deeper afternoon dip is still holding support. Barely.

The 2051.25 bias-down target was touched, despite being a noN-bias environment that avoided triggering bias-down. Back above 2054.25-2056.00 would reversing momentum back up to test 2062.00 if not also 2066.00-2067.00.

Above or below 2066.00-2067.00 is still predictive. Closing above it would help the afternoon”s recovery to extend higher overnight, and probably much higher tomorrow. Closing under it would enable today”s bearishness to persist, making an overnight bounce likely to fail.

That”s the close. Meanwhile, the bias environment was exited under the noon hour”s low. Entering the final hour under the bias environment”s 2051.25 low would give the decline traction for extending down tomorrow morning. A retest of Sunday night”s lows would be targeted, with no requirement to hold them or to recover.