Pre-close view… Playing right into expiration’s hands.

Fresh lows into late-afternoon are creating an inflection point.

Did sellers gain traction? The bias environment exit was starting to probe under the noon hour”s 2042.75 low. The final hour was entered lower, but the 3:10-3:20 timing window didn”t extend under the 2038.50 low.

Yesterday”s price action was close enough to expiration that we could assume its influence had exacerbated the decline to some degree. Today is only closer. You would think that price has overly adjusted for tomorrow. And it may have.

But at the same time, price is becoming newly-vulnerable to falling off the precipice.

Either recent selling did get carried away in adjusting exposure for expiration, or else that selling has stretched the rubber band to its breaking point. The bearish WedEX can invert to having a bullish influence if the selling pressure it identified is already expended — and a lot of selling pressure has been expended.