Pre-close view… Sellers squelched, buyers burnt.

Blip-up blaps-down.

Friday factors make it nearly impossible to reverse trending that hasn”t yet reversed during the noon hour. Extending trending isn”t so assured.

The bias environment did probe this morning”s high by 2 ticks, piercing 2095.00. Its reaction down to 2092.25 was done when the bias environment began lapsing at 2:30.

That was recovered to another fresh high touching 2096.00. But the final hour was entered back under the 2095.00 prior high. Structurally, that”s potentially bearish. Maybe not very bearish, dealing on the small scale of this afternoon”s range, but not bullish. 

Rejecting a fresh that prints AFTER the bias environment exit is less bearish than rejecting a fresh high that printed DURING the bias environment. But, again, it”s not bullish. And its reaction down touched 2092.25.

Extending down should still be limited, if at all, due to Friday factors. But extending above 2095.00-2096.00 is now more difficult.