Pre-close View… Too shallow, and too late.

REMINDER: MARKET WRAP BEGINS AT 3:33pm ET.

The late-morning test of the 2253.00 bias-down target had produced a bounce into the noon hour. It was testing this afternoon;s 2257.75 bias-up signal at the wrong time to trigger. A sudden surge probed it by 4 points, but that was retraced when the bias environment began lapsing.

Back above 2260.75 could extend higher intraday. Its signal would be more credible if triggered during the 3:10-3:20 position-squaring window that just opened.

Meanwhile, another bounce is touching 2260.00 at the final hour’s entry. It retraces 61.8% of the bias environment’s late surge. Back under 2256.75 would signal the bounce had failed, reversing momentum down to fresh session lows.