Pre-close View… Mission unaccomplished.

Reaction down on news has left upside potential outstanding.

There’s no requirement to trend any higher during this stage of the recovery. There remains potential to new highs for having recovered 2088.00 previously, and for breakout that was meanwhile confirmed. But those objectives have no particular timing.

And the traction gained by yesterday’s rally was fulfilled by trending up this morning. Last night’s 2059.25 high could have sufficed, but it was probed up to 2063.50.

However, there was potential for the current rally to test 2068.00 before becoming vulnerable to another temporary corrective dip. Its test isn’t required, only likely in an uptrend, and easily replaced by a downtrend.

Speaking of which, discovery of a terrorist plot in Germany has triggered a deeper pullback under this afternoon’s 2050.50 bias-down target to 2041.50. Price reactions to terrorism tend to recover and reverse, but there’s no required timing or interim extreme.