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Pre-close View… Late re-bloomer. – If, Then… Market Timing

Pre-close View… Late re-bloomer.

Sideways ranging breaks higher.

The noon hour had ranged within the bias environment’s 2018.00-2006.00 pullback. The bias environment dipped a little deeper within the range. Then the bias environment started lapsing.

Surging from 2011.00 has probed fresh highs up to 2024.50. Overbought 3-minute and 1-minute RSIs make any reaction down likely to recover for at least a retest of the high.

Now the question is whether the rally can gain traction for its effort. Entering the final hour above the bias environment’s high still needs confirmation, but trending up through the 3:10-3:20 window. Probing fresh highs later, or not holding fresh highs through 3:20, could trend back down into the close.