Pre-close View… Poking holes.
Retest of overnight high could cut either way — sharply.
This afternoon’s 2041.50 bias-up signal was not touched in time to trigger, or even to invoke the grace period. But the resulting no-bias environment was invalidated by surging through 2041.50 through the bottom off the hour.
The bias environment extended only to 2043.00 and the bias environment exit has pierced the 2044.25 overnight high by 1 tick. Approaching 2044.25 pessimistically is potentially bullish from a contrarian perspective.
Entering the final hour back under 2041.50 would suggest otherwise. Unfinished business below at 2030.75 remains outstanding from this morning’s offsetting test of the bias-up signal. It could attract price back down today. Or, the lower attraction could lie patiently in wait to spoil a rally effort.
