Pre-close View… Pattern pops.

It’s not positive territory, but it’s positive.

We’ll review the bigger picture at today’s post-market Wrap since there is NO Saturday Review this weekend. Please join us in the chaRTroom by 4:03 ET.

This week’s intraday patterns have shared a common trait of recovering from initial dips. And despite plunging 23 points from the 2106.00 pre-open high down to 2082.75, the pattern remains intact by having recovered at least to 2101.00.

2101.00 was the next relevant resistance above the afternoon’s 2099.00 bias-up signal, once the bias environment began lapsing. Its attraction kept alive momentum long enough for the rally to gain traction by exiting the bias environment above the noon hour’s high, and then by entering the final hour even higher.

Despite the rally gaining traction, a pullback could extend down to lower prior highs at 2093.75-2095.50. Resuming the rally today would target a probe above the 2106.00 overnight high, i.e. new highs. And being a new trend high close on a Friday, the uptrend would be entrenched for at least one more new trend high close.