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Pre-close View… Rewarding time. – If, Then… Market Timing

Pre-close View… Rewarding time.

Ready to fulfill the consequences of last week’s rally?

Closing last week above 2089.75 had created the requirement for eventually probing above the pre-Brexit high — probably up to 2125.25.

That didn’t prevent an interim pullback. Entrenching the upside probably enabled the long overdue pullback. Attacking 2105.00 Sunday night and testing 2066.00 this morning is a meaningful pullback.

Now 2092.00 is being attacked, a big shift from the two-day pullback.

The afternoon bias environment exit was still within the noon hour’s range, but the final hour’s entry was above both. Extending to fresh highs through the 3:10-3:20 window could extend sharply higher through the close.

Friday afternoon’s 2091.00 low has been probed already by 1 point. The session’s “higher prior lows” are 2093.25, and the gap back to its close is essentially 2096.75. Those are attractions — potentially also repellents, so their recovery would be critical to extending the rally Thursday.

Otherwise, back under 2085.50 would at least delay extending higher today, perhaps even dip deeper to 2080.50.