Pre-close View… Laying traps.

REMINDER: MARKET WRAP BEGINS AT 3:33pm ET.

This afternoon’s no-bias environment didn’t touch its 2260.75 bias-down signal in time to trigger. But it was tested well into the bias environment. And it broke sharply lower to 2253.00. This is “no-bias trending,” which requires being retraced at least to 2260.75.

Only one bar probed under last week’s 2255.00 pivotal low, while also not overlapping 2255.00. And price since then has trended back up to within 1 point of 2260.75. Its attraction is almost neutralized.

Oversold RSIs at the low will want to be retested. And just touching last week’s pivotal low all but requires testing its 2248.50 actual low. Back under 2256.50 would trigger a downleg.

Otherwise, back above 2262.00 could delay the low’s retest, and its break, until another rally leg.