Pre-close View… Saving for another rainy day.

Drifting back to session lows.

This morning’s low had essentially filled the gap back to Friday’s cash session close. That could have sufficed to launch a recovery. In, fact, the afternoon’s 2001.75 bias-up signal triggered, and its 2007.50 bias-up target was met.

Instead of extending higher, a reaction down fell under 2004.75 to signal momentum reversing. Fresh lows are likely since the interim bounce off of this morning’s low has proved to be “ineffectual optimism.” So, the morning’s 1995.75 low was just attacked to within 2 points.

But now another bounce is testing 2001.75. Fresh lows are being delayed — perhaps until earlier tomorrow when it’s easier to absorb them and reverse back up.