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Pre-close View… Ready for new highs (still)? – If, Then… Market Timing

Pre-close View… Ready for new highs (still)?

Another afternoon rally, and postured for traction.

This afternoon’s no-bias environment probed above its 2161.00 bias-up signal to 2163.00. And then hovered there until the bias environment began lapsing at 2:30.

The bias-up signal held as support, at least to within 2 ticks at the relevant 2161.50 level. So, I’m not regarding the probe as “no-bias trending.” Neither is the subsequent probe, which is now testing 2165.00.

Meanwhile, the bias environment began lapsing above the noon hour’s high. The final hour wasn’t entered any higher, but trending to fresh afternoon highs through the 3:10-3:20 window would signal the rally is gaining traction.

Back under 2161.00 at any time — especially through 3:10-3:20 — would signal another downdraft underway. Otherwise, some bullish resolution remains likely near-term, but that may be inhibited by post-close earnings due from AMZN and GOOG, or tonight’s BOJ disappointment..

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