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Pre-close View… New highs, no surge. – If, Then… Market Timing

Pre-close View… New highs, no surge.

Defending fresh highs.

This afternoon’s 2067.25 bias-up signal and 2071.25 bias-up target were approached with the same pessimism we’ve cataloged throughout the day. From a contrarian perspective, that made higher highs likely.

Higher highs up to 2072.75 were consolidated, where pessimism was joined by signs of optimism — blipping up momentarily. A reaction down to 2069.75 has bounced to 2072.00, and any higher could extend the rally.

Similarly, any lower low under 2069.75 would target a little deeper back into the earlier range, potentially deeper.