Pre-close view… Suspended animation.
Attraction above is lacking momentum from below.
This afternoon”s 2094.50 bias-up signal triggered, putting into play its 2099.75 bias-up target. The bias signal hadn”t been rejected when the bias environment began lapsing at 2:30, so its target became “unfinished business above” that requires being tested eventually.
Meanwhile, the same buy signal that triggered this morning above 2087.25 has held repeated tests of pullback limits along the way. Upside momentum hasn”t matched this morning”s surge, but it”s not just relatively slow… it”s just slow.
Back under 2095.00 would trigger a pullback targeting at least 2092.25, perhaps 2088.00. But the trend otherwise remains up.
