Pre-close View… Down to the last pop.

No-bias trending has reached a pivotal point.

After retracing the post-open surge back down to the overnight lows, a Symmetrical Triangle formed between 2069.00-2073.00. It developed through the noon hour before finally breaking lower.

No-bias triggered, but that didn’t prevent “no-bias trending” from extending down. A retracement should touch this afternoon’s 2067.50 bias-down signal, and often also the 1:20 2070.00 print.

Meanwhile, the drop is testing yesterday’s 2062.25 opening low down to 2061.25. This is still an inside day, reacting off of an extreme. Its downward bias tends to be bullish from a contrarian perspective.

Also, Symmetrical Triangle patterns tends initially to break falsely in one direction before reversing more substantially in the opposite direction. If this afternoon’s break is false, and done, then its reaction would target 2083.50 and 2087.25.

Sellers did gain traction for their efforts — the bias environment was exited under the noon hour’s low, and the final hour was entered lower. But back above 2064.00 (being tested now) is capable of triggering the Symmetrical Triangle’s reversal. Otherwise, support at 2059.50 and 2058.00 could be last defenses against probing last Friday’s lows.