Pre-close View… Laying the groundwork for a top?

Unfinished business below left outstanding.

This afternoon’s 2156.50 bias-down signal triggered. Its 2150.50 bias-down target wasn’t met. The 2156.50 bias-down signal was being tested as resistance as the bias environment lapsed — but it wasn’t being recovered, so its 2150.50 bias-down target becomes “unfinished business below.”

The reaction up wasn’t arbitrary. Touching this morning’s 2153.00 pullback target held. But if that satisfied selling pressure, then the bias-down signal should have been recovered on a timely basis.

The afternoon’s bias-down signal is now being probed at the final hour’s entry. Its reward should be a retest of the 2163.00 post-open highs.  And the reward for that should be to retest the 2168.00 overnight high by at least 1 point.

The unfinished business below will still require being tested. Testing the overnight high first would be likely to hold, and to launch a corrective downleg.