Pre-close View… Slopping pattern.

FOMC reaction has legs.

The noon hour’s pullback had tested and held its 2001.50 target, which also happened to be this afternoon’s bias-down signal. It didn’t trigger, and the FOMC policy statement triggered a surge attacking 2017.00. A couple of higher highs later and 2022.25 is being attacked, too.

Any higher would target 2028.50. But it’s getting late, and buyers aren’t gaining traction for this effort — a lot of effort. The bias environment’s exit above the noon hour’s high wasn’t confirmed either by the final hour’s entry or the 3:10-3:20 timing window. And having been a noN-bias environment, the rally doesn’t require being retraced.

Still, fresh highs above 2022.25 would target 2028.50. Just avoid closing back under 2012.00 to form an “actively bullish WedEX” setup. Closing back under 2009.00 would form a “passively bearish WedEX.”