Pre-close view… Laurel-resting time again?

Buyers entrenched.

The invalidated bias environment eventually touched 2105.50, but hasn”t really trended any higher than the actual invalidation surge. Ranging sideways has been supported by this afternoon”s 2102.00 bias-up signal.

And that”s above the morning”s highs. Exiting the bias environment above the morning”s highs essentially marginalizes sellers.

At least, if sellers try taking control, they should fail. And having formed an Expanding Triangle, there is potential for retracing down to 2099.50. That had better be only a retracement. Otherwise, patient sellers could allow a deeper pullback.

Meanwhile, last week”s confirmed breakout required an eventual higher close, which today is likely to fulfill. An actively bullish WedEX indicator is likely, too. We”ll discuss the character of its influence at today”s post-market Wrap.