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Pre-close view… Same old, same old. – If, Then… Market Timing

Pre-close view… Same old, same old.

No new sponsorship to the bounce.

Holding the test of this afternoon”s 2049.50 bias-down signal at 1:20 didn”t require an offsetting test of the 2062.00 bias-up signal. That setup is a morning requirement. In the no-bias environment, bias signals need only define the range”s ends.

So, it wasn”t required, but the bias environment began rallying .It probed the bias-up signal by 4 points. That was “no-bias trending” which required being retraced back to its 2062.00 bias-up signal.

Often, the consequence of no-bias trending a visit to the 1:20 print, too. That”s 2051.50, and it has been attacked to within almost 2 points. Reaching it and then extending down would target new session lows. There is otherwise no rally target.