Pre-close view… Rally misses its window.

Not for lack of trying, but positive territory has evaporated.

The noon hour”s 6-point surge to 2114.00 extended through the afternoon”s bias-up target by 1 point to 2116.00. Its reaction down exited the bias environment holding a test of 2112.00 as support.

But the dip from 2116.00 has since extended down to 2107.25. That”s the origin of the noon hour”s 6-point surge.

After trapping this morning”s shorts, a very productive afternoon rally should be squeezing them further. But it”s not. Another rally leg can be signaled back above 2110.00, but that must be sooner rather than later to squeeze shorts that initiated under 2112.00 after 2:30.

Otherwise, rallying overnight or tomorrow would be unlikely if this afternoon”s pullback were to extend under 2106.50. Closing back above 2112.00 would be a big step toward producing a delayed reaction to this morning”s recovery.