Pre-close view… Momentum, check. Ignition, ignition?
Rallying throughout the day should bode well overnight.
Sellers weren”t actually marginalized through the open, but the session has behaved that way. The overnight low”s recovery from 2062.00 that opened at 2074.50, has extended higher to 2088.75.
The afternoon”s bias-up signal triggered late. That”s more predictive than this morning”s no-bias signal that was invalidated.
Meanwhile, the afternoon”s bias environment was exited above the noon hour”s high. Entering the final hour above the final hour”s high would have signaled buyers gained traction for their efforts. That didn”t happen. Trending up to fresh highs through the 3:10-3:20 timing window would still suffice.
Otherwise, back under 2086.25 would start to signal at least a corrective dip underway. Probably nothing more substantial, as the 2088.75 high”s retest wasn”t distributive and is likely to be retested.
