Pre-close View… Sold out performances.

Another way to trap weak-handed sellers.

When this afternoon’s 1897.00 bias-down signal triggered at 1:20, its 1891.25 bias-down target had been met already. Still, being a bias-down environment, the bias signal should define its upper-end.

If 1897.00 defines this afternoon’s bias environment, it’s as an inflection point. Breaking through it held 2 pullback limits on the way to testing yesterday morning’s 1907.00 high. And now another recovery’s fresh highs is attacking 1912.00.

Yesterday’s dips expended a lot of energy during windows that weren’t going to gain traction for the effort. But this morning’s dip waited until the noon hour’s entry  (instead of at the bias environment’s exit) to break lower. And that break’s selling pressure was satisfied soon afternoon.

So, instead of not reversing the trend down, sellers have been satisfied. The noon hour was just entered above the bias environment’s high after exiting the bias environment above the noon hour’s range, making fresh highs likely.