Pre-close View… Testing targets.

Afternoon probing fresh highs.

Delaying the decline’s resumption today was unlikely. The morning’s 9-point post-open rally to 2109.00 might have seemed enough productivity, but the effort created a higher objective at 2110.75.

After retracing all of the post-open gain in reaction to Yellen’s noon hour comments, that higher objective attracted price back up to fresh highs at 2112.25.

2110.75 was being overlapped while the bias environment lapsed from 2:30-3:00. So, the next higher objective at 2116.00-2119.00 isn’t necessarily in-play. But neither is it rejected.

Back above 2112.00 would signal the next higher objectives are in-play. Meanwhile, a pullback has room down to 2107.25-2108.50 before suggesting a deeper pullback is underway.