Pre-close view… Ready to rock.
Signs of sellers sold out, and of buyers buying in.
Today”s likely objective was a test of 2112.00. Its test was delayed until the noon hour, where weak hands dominate. And the dip to its fresh low began after noon, and was recovered before the noon hour was fully exited.
All of which suggests sellers are nearly finished. That”s not accumulation, but it does open the door.
Exiting the bias environment above the noon hour”s high, and entering the final hour above the bias environment”s high… that”s accumulation.
So, buyers have gained traction for their efforts. Whatever else might happen before today”s close, and so long as Wednesday doesn”t gap down under today”s lows, tomorrow morning is likely to rally. The balance of today”s session is likely to rally, but not required.
Back under 2114.50 would suggest that one more brief dip was being worked in. But the rally should otherwise resume shortly.
