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Pre-close view… Spittin’ distance. – If, Then… Market Timing

Pre-close view… Spittin’ distance.

Bias-up target neutralized. Buyers, too?

The bias environment was exited above the noon hour”s high. But the final hour”s entry was within the bias environment”s range. So, buyers haven”t gained traction for their efforts. Meanwhile, their efforts have been rewarded by coming to within 3 ticks of the 2117.75 bias-up target.

Extending higher through the 3:10-3:20 window would serve by proxy for having entered the final hour meekly. In fact, the window just opened by probing fresh highs.

That 3:10-3:20 can become bearish if its rally effort fails. Exiting the window back under the highs it started probing would trap longs, not shorts.

So long as 2116.25 were to hold a test as support, the balance of the session could extend to new highs. Back under 2114.75 would signal momentum reversing down for a corrective dip to 2111.75.