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Pre-close view… Pullback proving time. – If, Then… Market Timing

Pre-close view… Pullback proving time.

Afternoon recovery attempt needs to reassert itself. Now.

This afternoon”s bias environment was greeted at 1:20 testing pullback lows under 2107.00. The bias environment exit at 2:30 had trended back up to 2111.75.

That was just under the noon hour”s high. Exiting the bias environment above the noon hour”s high would have been bullish. Entering the final hour above the bias environment”s high would have been bullish, too. But it was entered at 2109.25.

No price action is possible anymore today that can indicate that buyers gained traction for their efforts. That doesn”t prevent extending higher into the close — which would not be likely without already trending up through the 3:10-3:20 timing window that just opened. But if buyers can”t grab new ground this afternoon, then extending higher tomorrow would require gapping up.

Extending higher remains the likeliest scenario. That would be undermined by dipping too deeply this afternoon. So, without already trending up now during the  3:10-3:20 timing window, the balance of the session could just range choppily sideways.