Pre-close View… Putting the “under” in underway.

NOTE: Please disregard the prior blog post (“Mid-day update”) which was sent in error.

A supporting inflection point was established at 2124.25 coming out of this morning’s bias environment. Multiple tests into the afternoon’s bias environment finally broke lower. No-bias had triggered already, so the afternoon’s 2121.25 bias-down signal was required to define the range’s lower-end.

That didn’t prevent breaking under it to test this morning’s 2115.50 bias-down signal as support. But its timing was “no-bias trending” that required recovering back up to 2121.25. Testing and retesting it has resolved down to fresh lows — under yesterday’s lows to 2112.00.

The 3:10-3:20 proxy window trended down throughout, but only to touch the bias environment’s low. So, it’s not optimal confirmation to the bias environment having lapsed under the noon hour’s low, which the final hour’s entry did not confirm. Nevertheless, this current leg is targeting 2095.00, whether met today or tomorrow (likely today).