Pre-close View… Off the radar.

Plunging out of the bias environment.

Fridays are unpredictable enough already. Now today’s choppy sideways ranging has been blind-sided by a 24-point plunge during the bias environment’s last half-hour. And that extended to 32 points during the 3:10-3:20 timing window.

Regardless, Friday afternoon price action is not predictive ever. But it can undermine or simply not confirm setups that are in development already.

For example, today’s original challenge was to maintain a recovery above Tuesday-Wednesday’s “lower prior highs” and above 1938.00. That was created by rallying overnight. Now the challenge is in avoiding a close under 1918.00.

Closing above 1918.00 wouldn’t reinforce yesterday’s recovery above it from under 1899.00 — but at leas it would not invalidate its recovery. Closing under 1918.00 wouldn’t be predictive of extending down, and could be rejected by gapping up Monday, but there’s nothing bullish in it.

I’ve just described in the chaRTroom that this situation is very blinding. The plunge had no history to it that even hinted at its vulnerability, whether for being so deep or so durable. Friday afternoons are Friday afternoons, but clearly holding long into the weekend has become considered to be a very risky strategy.