Pre-close View… New highs.
REMINDER: MARKET WRAP BEGINS AT 3:33pm ET.
The breakout from this morning’s range has persisted through the noon hour, and through the afternoon bias environment. In fact, it exited the bias environment above the noon hour’s high. And not it is also probing fresh highs into the final hour.
That’s traction, and it suggests tomorrow morning will also trend u, so long as the final hour includes a correction that doesn’t reverse momentum down.
The only unfinished business above still outstanding is the new trend high close that became required three Fridays ago. Otherwise, 2278.25 has been tested, and a 2800.00 handle is printing.
RSIs are on the cusp of being overbought, which is too close to consider a divergence. A reaction down today could still recover if done quickly. A new high close is not at all assured.
