Pre-close View… Taking it easy into the danger zone.
Gradual improvement maintaining higher highs.
SPECIAL NOTE:
THE CHARTROOM LOGIN WILL CHANGE THIS EVENING. SUBSCRIBERS THAT FOLLOW THE BLOG LINK WON’T NOTICE ANY DIFFERENCE. LET ME KNOW IF YOU ENCOUNTER ANY DIFFICULTY.
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.
