Pre-close View… Self-fulfilling.
No traction gained for today’s bounce.
This afternoon’s bias environment started lapsing above the noon hour’s 2138.00 high. Probing higher wasn’t maintained into the final hour, not enough to confirm the recovery had gained traction. The 3:10-3:20 window was greeted at the high, and still couldn’t confirm by proxy.
None of which prevents extending higher or reversing down. But extending higher would be in the context of a temporary corrective bounce. The 2134.00 bound limit would be recovered, so near-term downside would all but require gapping down sharply Tuesday.
Meanwhile, back under 2147.00 would be credible for extending down already anyway. The reward would be to retrace back under overnight lows, although not necessarily today.
