Pre-close View… prec·i·pice [pres-uh-pis] noun

Probing fresh post-open lows, and now the pre-open lows, too.

A couple of minor knee-jerk reactions to the FOMC Minutes ultimately stuck to this afternoon’s 1984.25 bias-down signal. It had been tested during the bias timing window long enough to avoid triggering, and the news didn’t break that mold.

But the clock did.

Already drifting 4 points back down to 1984.25 when the bias environment began lapsing at 2:30, suddenly selling appeared. The 1971.25 pre-open low is being touched just a half-hour later.

And now probed.

So, the bias environment’s 1984.25 exit was under the noon hour’s 1985.25 low. The final hour’s 1971.25 entry is under the bias environment’s 1980.25 low. The decline has gained traction, making tomorrow morning likely to probe lower, too.