Pre-close View… No room for noise.

No-bias trending retraced to a critical level.

This afternoon’s 2132.25 bias-down signal finally held as support after invoking the grace period. Late no-bias allowed room for noise up to the 2139.75 bias-up signal, which a buy signal above 2134.75 essentially put into play.

The 2139.75 bias-up signal was tested, and then exceeded, with room for noise above it to 2143.50. Its test was overlapped up to 2144.50. Overbought RSIs there require a retest. A dip recovered to within 1 tick of 2144.50. Any higher would have put into play 2149.00, which is “higher prior lows” from Monday afternoon’s rally.

Instead, another dip is now testing the afternoon’s 2139.75 bias-up signal. The probe above it required being retraced, since its timing had made it “no-bias trending.” Often, the bias timing window’s 1:20 pm print is also retraced. And that was the 2132.25 bias-down signal.

The extra retracement under 2139.75 isn’t required. But it’s being attempted now. And despite overbought RSIs at the 2144.50 high requiring a retest, the rally hasn’t gained traction, so at least a corrective dip is possible.

Also relevant will be whether the close is back under 2134.00. Closing above it today won’t (yet) invalidate the two prior sessions having closed under it. But closing under it after having probed above it intraday would help to confirm that sellers remain in control.