Pre-close View… No go.
Sellers absorbed, but not spit back out.
The bias environment began lapsing 2-3 ticks above the noon hour’s high, while a rally leg was already underway, which extended much higher. I’ll give that setup a benefit of the doubt for gaining traction… IF it can confirm.
But despite an interim probe higher, the final hour’s entry was still overlapping the bias environment’s high. And despite recovering back to the session high, the 3:10-3:20 window didn’t extend higher. So, no confirmation.
Probing fresh highs up to 1981.00 is now reacting down 4 points. Its dip can be shallow or deep, but probably not temporary — recovering before the close is unlikely. Ranging sideways at the highs without trending back down does make fresh highs likely eventually.
