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Pre-close View… Skittish. – If, Then… Market Timing

Pre-close View… Skittish.

High’s retest reacts down hard.

Don’t blink, you’ll miss it

Overbought RSIs at this morning’s 2092.00 required a retest. It was just retested by a blip-up from the bias environment’s extremely narrow 2-1/2 point range.It reacted down even more quickly — and much more substantially, attacking the noon hour’s 2086.00 low.

The 15-minute 6-point dip hasn’t extended lower in almost 10 minutes. Back above 2088.25 would suggest that it won’t.

Back above 2090.25 would confirm this afternoon’s 2094.75 bias-up target is in-play. It’s already “unfinished business above,” requiring an eventual test. Its attraction can be satisfied overnight, but probing fresh highs with more than a single surge would create another attraction above.