Pre-close View… Slow-motion slide.
Gradually reacting down from the highs.
This afternoon’s noN-bias signal didn’t enhance volatility. But the bias environment has lapsed, without maintaining a probe above the noon hour’s 2117.25 high.
The final hour’s entry was piercing the bias environment’s 2115.25 low. And now the 3:10-3:20 timing window is trending to fresh afternoon lows at 2113.50. Sellers are gaining traction. After fulfilling and holding tests of any upside attractions. By a premature rally that had originated from an unstable base.
That last item’s consequence should probe negative territory. That’s another 5-6 points lower. And usually that’s just the beginning. Closing above the bias environment’s 2117.00 high might be the only remaining possible bullish signal.
