Pre-close View… Leaving earth’s atmosphere?

Afternoon rally to fresh highs.

I noted this morning that sellers had dumped a lot of ballast during the 10-point drop, without gaining any traction for the effort. Now having rallied 19 points off the low, the question is whether those buyers are rewarded enough for now to allow another pullback.

The afternoon’s no-bias environment did rally up to its 2152.00 bias-up signal. Its test was likely to include 2153.00, which was probed by 3 ticks. Trending higher remained the likely resolution, which was launched after a pullback to 2151.50.

The launch came 5 minutes before coming within 10-15 minutes of the 2:30 bias environment exit. It wasn’t optimal, but it was allowable, given that it wasn’t organic but triggered by a headline. Anyway, the open’s anchor was recovered on the way up to 2163.25.

That’s a 61.8% retracement of Friday’s range, natural resistance. Holding above 2159.50 would keep alive the upside momentum. And the next higher objectives are 2169.00 and then 2175.50. The alternative is not to reverse the trend down, but another pullback would become likely under 2158.00.