Pre-close View… Room for one more?
Probing fresh highs into the final hour.
Sound familiar? The 2082.00 bias-up target had been exceeded to renew the bias-up signal, but its 2088.00 renewed bias-up target held its test.That could describe this morning’s open.
Differing from this morning was the afternoon bias environment. Rather than extend higher anyway, it has ranged sideways between 2083.50-2088.50.
But now the bias environment is lapsing. And it’s lapsing at or above all prior timing window highs. That’s bullish, and usually resumes trending. Especially on Fridays, whose final hour is extremely vulnerably to squeezes.
Already, fresh highs are being probed up to 2091.25. And there’s room up to 2098.00. Probing fresh highs through the 3:10-3:20 timing window would make 2098.00 even likelier. This much potential reward makes it compelling to be exposed to the potential for being whipsawed back under 2087.75.
