Pre-close view… Mighty mo.

Sellers trying to gain traction after meeting target.

Having held or overlapped the morning”s 2105.50 bias-up signal through the bias environment”s exit, its 2098.00 objective became unfinished business below. Ranging around 2105.50 began collapsing through the noon hour before extending down to fresh session lows at 2096.50.

Ranging sideways attacked 2101.00 above, now returning back down to 2098.00 support. There”s no requirement to hold, or to bounce. But it”s not very bullish to still be consolidating at session lows for this long, entering the final hour.

The bias environment exit was under the noon hour”s low, but the final hour”s entry was within the noon hour”s range. Trending down to fresh lows by 3:20 would confirm sellers are gaining traction, but not otherwise. And having the luxury of consolidating just ticks above the low, it wouldn”t be very bearish not trend down as needed. Bouncing has touch resistance to overcome at 2101.50.

In whichever direction the pattern resolves, the position-squaring window at 3:37-3:52 could trend sharply.