Pre-close View… Tagging up.

Retracing the no-bias trending could stop the music again.

This morning’s drop under its 1981.75 bias-up signal originated during the bias-up environment. That’s “no-bias trending” and it requires being retraced back to the bias signal. That seemed difficult when the afternoon bias environment was entered at 1958.00.

But rallying since then is testing 1977.00. Overbought RSIs there suggest its reaction down to 1973.50 will be recovered, perhaps to test 1981.75.

Nothing requires retesting 1981.75 today. If retested, nothing requires its resistance to hold. Often after no-bias trending, the 10:15 print is also retraced, which today is 1990.00.

But a durable downleg is unlikely until at least retesting 1981.75. And nothing prevents starting it from there.