Pre-close view… Lemons from lemonade.

Premature rally crosses the finish line, anyway.

The noon hour’s attack on 1956.50 resistance reacted down too deeply to trigger the 1952.25 bias-up signal at 1:20. Then it extended more deeply to 1947.50, but it was never expected to reverse the trend down. In fact, the no-bias environment recovered back up to the 1952.25 bias-up signal. And then back up to 1956.50.

That’s no-bias trending. Trending beyond a bias signal, which didn’t trigger in time. The bias signal always requires being retested — often, so does the 1:20 print. That’s 1952.25 and 1948.50.

But the recovery extended. A sell signal at 1954.50 was only touched and not triggered. A buy signal that had triggered at 1950.75 remained intact. And it remained intact as the bias environment began lapsing from above the 1957.75 bias-up target. That test has extended up to 1964.00.

So long as 1961.75 and 1960.50 now hold as support, the rally can resume as it seemed ready to this morning. Already testing 1963.25, next higher is 1967.25, and potential for compensating the detour down by extending even higher.