Pre-close View… Target met in an FOMC Minute.

Eventual reaction surges to fresh highs.

I’ve been holding out for 2068.00 and it was finally met. It was probed up to 2073.25 in reaction to the FOMC Minutes. I’m monitoring the character of its test for signs of its rejection.

One of those characteristics is the simultaneous overbought 1-minute and 3-minute RSIs at the high. They require an eventual retest. Its likely objective is 2074.50 (+/- 1 tick).

Another characteristic is exiting the bias environment above all prior intraday timing windows’ highs. That’s difficult to reverse down before the close. So, not entering the final hour back under the earlier 2065.00 highs should extend higher.

Dipping under 2065.00 could insert a detour that delays retesting today’s high. But a detour would be more credible if already underway entering the final hou.