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Pre-close View… Teetering. – If, Then… Market Timing

Pre-close View… Teetering.

Sellers on threshold of gaining traction.

The bias environment firmed off of its 2137.50 bias-down signal to come within 3 ticks of the of 2141.25, neutralizing its required test. Reversing back down probed under the noon hour’s low a little too late to gain traction. But entering the final hour under the bias environment’s low did.

It’s interesting that the 3:10-3:20 proxy window was in position to confirm the traction, but did not. Fresh lows coming out of the window would have likely tumbled into the close.

The alternative isn’t necessary, although back above 2138.25 could produce fresh afternoon highs before the close. And the only “unfinished business” is above at 2148.00.