Pre-close View… Long-awaited.

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

The open had already tested this morning’s 2260.75 bias-down target. Triggering bias-down didn’t require its retest. But that wasn’t exploited by a recovery.

The open’s ~2260.00-2262.00 congestion wasn’t likely to launch an uninterrupted leg. Recovering to 2267.25 was retraced to 2262.00. But that wasn’t exploited by a recovery.

The noon hour consolidated narrowly at the morning’s 2266.00 bias-up signal. The afternoon bias environment was entered there, and ranged there for awhile. Not exploited, either.

So much opportunity ignored to exploit a path higher, through so many timing windows. Finally, the attraction below won out. Last night’s 2257.50 low is being tested.

Back above 2260.25 would start to suggest the selling is down. If so, then a surge fresh session highs would be possible — not the likeliest scenario, but possible. Otherwise, nothing requires trending down any deeper, but fresh lows would target 2255.00.