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.
