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Pre-close View… Still holding up. – If, Then… Market Timing

Pre-close View… Still holding up.

The bias environment’s dip to 1975.00 was almost 9 points under the noon hour’s exit. That was the only consequence of not triggering this afternoon’s 1978.50 bias-up signal, despite having probed above it to 1983.75.

As if that consequence wasn’t limited enough, now the high has been retested. And the potential to 1985.00 has been fulfilled within 3 ticks.

Back under 1980.50 would signal momentum reversing down to fresh afternoon lows. But I would continue to caution against getting very bearish very quickly, because a lot of this is driven by expiration, which can have more staying power than sentiment.