Pre-close view… Skipped a beat.

Retracement stops short of becoming recovery.

This morning”s retracement of the post-open dive wasn”t exceeded until the noon hour. That later attack on 2085.00 would have been bullish an hour earlier coming out of the bias environment. But the noon hour was less conciliatory, and that has served as the session peak.

The bias environment started lapsing within the noon hour;s range, surging only minutes later to 2084.00. That surge didn”t extend, and the final hour;s entry was back at the bias environment”s 2080.00 low. Neijther trending setup had triggered, so any further trending attempt was likely to fail.

A sell signal that triggered under 2080.50 has extended to within 1 tick of its 2076.00 objective. This can be the pullback”s low, anyway. Back above 2079.75 would signal momentum reversing up — new session highs would be possible, but not required.

Meanwhile, just closing in positive territory doesn”t equate to ending the decline. But it would suggest that rallying from here will begin by gapping up. Almost any weaker open Wednesday would be credible for resuming the decline.