Pre-close View…Settled down.
Post-open “action” hovers at its lows.
Last night’s range measured essentially 2 points wide, except for a couple of late probes lower. Post-open action measures essentially 2 points wide, except for an early probe higher.
Two sides to the same coin, and not only for their measurements. Both windows had potential to rally. But last night’s opportunity was well before this morning’s open, while today’s opportunity is just before the close.
And we’re now just before the close. Not already rallying at this morning’s open made a rally unlikely until late-afternoon, if at all. A fresh high above 2266.00 could start a short-squeeze back to yesterday’s 2269.50 high. Otherwise, the pattern remains vulnerable to extending to fresh session lows.
