Pre-close view… Scared shorts.

The no-bias environment began lapsing at the bottom of the hour. It is being exited within the noon hour”s range. But that”s on the way to probing above the 2072.50 high.

Having pulled back (to 2066.00) during the no-bias environment, no other backing-and-filling should be necessary before rallying. So, another pullback from this initial probe above 2072.50 would suggest that the probe doesn”t actually intend to extend.

That also comports with the timing. Entering the final hour above the bias environment”s 2071.75 high would gain traction by also extending higher through the 3:10-3:20 timing window.

Extending higher would next target a test of 2076.00. Otherwise, a dip has room down to 2068.00 before beginning to signal anything more substantial to the downside underway.