Pre-close View… The moment they’ve been “weighting” for.
Morning’s trapped longs now adding downward pressure.
The noon hour’s low touched this afternoon’s 2038.50 bias-down signal and bounced 5 points to almost 2044.00.
Attacking and retesting 2038.50 through the bias timing window still didn’t trigger bias-down. So, the bias environment bounced 8 points to test 2046.00.
But the bias environment’s exit was slipping back into the noon hour’s range under 2044.00. And the final hour’s entry had returned back to the 2038.00 low.
This being a Friday afternoon, exiting the afternoon’s bias environment beyond all prior timing window extremes would trend in that direction through the close. I’m giving the same credibility to probing fresh session lows through the 3:10-3:20 timing window (now being probed down to 2036.00).
Probing any lower at this stage should probe a lot lower, initially targeting 2032.50 and potentially trending down sharply into the close. Back above 2040.75 would start to suggest that buyers have regained control.
