Pre-close View… Ranging flat.
Bouncing in the absence of falling.
The afternoon bias environment hovered at or above its 2053.00 bias-down signal. The signal was still being overlapped both at 1:20 and 1:30 to avoid triggering.
The resulting action didn’t form anything accumulative, so there’s no buying pressure. The morning’s bounce filled the gap back to yesterday’s close, and there’s no other attraction above. And there’s no actual range, so holding its lower-end doesn’t require testing its upper-end.
Price action is simply inhibited or paralyzed by anxiousness ahead of post-close earnings. Most notable is AAPL, whose own reaction rarely affects the broader market anyway.
