Pre-close View… Out of the penalty box.
Printing fresh afternoon highs.
Resuming yesterday afternoon’s rally was essentially forbidden before this afternoon’s bias environment had lapsed. We’re past that. This morning’s 2184.25 high is now being attacked to within 1 tick.
Although not required, extending higher is possible, and there’s plenty of reward. The bias environment began lapsing above the noon hour’s high, and just needs confirmation that its recovery is gaining traction. The final hour didn’t do it, so the 3:10-3:20 window must extend to even higher highs.
That window is now open. There isn’t necessarily a downside alternative to rallying which would create a sell signal.
