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Pre-close View… Taking it easy into the danger zone. – If, Then… Market Timing

Pre-close View… Taking it easy into the danger zone.

Gradual improvement maintaining higher highs.

SPECIAL NOTE:
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All but one timing window today has probed above the prior timing window’s high. The last 60-90 minutes is the one exception. And there’s still 30 minutes remaining.

The afternoon’s bias-up signal triggered, putting into play its 2145.50 bias-up target. Fresh highs during the bias environment ensured it would become “unfinished business above” if not met. It was attacked to within 3 points.

A pullback to 2139.00 is trying to recover, or trying not to extend any deeper. Either way, it’s too late for a downleg to be predictive. And the late hesitation is just enough restrained optimism — if not actually pessimism as during the past couple of days — to keep the contrarian perspective bullish.