Pre-close View… Teasing at the high, or afraid of it.

REMINDER: MARKET WRAP BEGINS AT 3:33pm ET.

Hovering at and/or around the bias signal in a noN-bias environment often resolves in the signal’s direction when the bias environment lapses. This afternoon’s 2292.25 bias-up signal did just that, as price was almost glued to it.

And now price is firming. But only barely, back up to this morning’s 2293.75 high. Still no resolution.

Often, when not exploiting that opportunity to trend in the signal’s direction, the setup will resolve in the opposite direction. That’s not yet unlikely in this setup, since price hasn’t yet resolved up.

Resolving up at all would target new highs. Meanwhile, the delay in resolving up keeps alive potential for another downdraft, first.