Pre-close view… Positive territory, or bust.
Attacking yesterday”s close isn”t bullish enough.
The afternoon”s no-bias environment triggered without having touched either bias signal. Price ranged narrowly for the next hour, flat-to-higher, but more flat than higher.
Now the final hour”s entry is testing 2120,00, which is essentially yesterday”s last-minute reaction down. So, still negative territory.
This recovery effort has expended a lot of buying pressure. And it might have refueled sellers. The difference may be in whether the 3:10-3:20 timing window can extend into positive territory, preferably above 2122.50. It could extend to 2133.00.
Extending higher at all would isolate the probe under 2118.00 to today”s session. Isolating it to last night would have been bullish for today. Otherwise, back under 2117.50 would start to signal that sellers are refueled, and that momentum is reversing down.
