Pre-close View… Stretching it thin.
Still rewarding the morning’s buyers.
Exiting this morning’s bias environment above its 2046.50 bias-up target had invalidated any downside objective put into play at 10:15. That doesn’t equate to a buy signal, but the recovery has extended anyway, up to 2058.50.
That’s 30 points above the low. And almost as many points since a reversal. RSIs have been deteriorating, and now a break lower is testing 2054.50. Any lower would target 2051.00 and potentially lower.
There’s otherwise no active pattern. The bias environment exit was AT the noon hour’s high, not above it and not exactly overlapping it. The final hour’s entry was higher, but that’s not enough on its own to reflect traction.
