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Pre-close view… Teasing at the lows. – If, Then… Market Timing

Pre-close view… Teasing at the lows.

No traction, some action.

The bias environment”s 2:30 exit around 2093.50 was at the noon hour range”s lower-end. The final hour”s entry was similar. Sellers didn”t gain traction for their effort. And not that it matters at this stage for traction, but the 3:10-3:20 timing window wasn”t much different.

That doesn”t preclude lower lows, but it makes them unlikely to endure. Meanwhile, there remains vulnerability down to 2088.0-2090.00. And as late as it is, probing lower and recovering should be done in the blink of an eye.

It”s too late for a lower close to require extending down tomorrow. And current price action doesn”t suggest any attempt at closing high enough to justify a hold-long.