Pre-close View… That’s going to leave a mark.

Sellers gained traction.

Retesting last week’s lows down to only the 2138.00-2139.00 area could have sufficed to define weak-handed sponsorship, still vulnerable to a big short-squeeze. Now a short-squeeze has become less likely, and not simply because the retest extended down to 2136.00.

It’s when the lows developed, which indicated that sellers gained traction for their efforts.

The bias environment was exited at 2:30 under the noon hour’s low, and the final hour was entered at 3:00 under the bias environment’s low. Regardless of almost any pre-close price action, tomorrow morning is now likely to trend down deeper. Not probe, not fluctuate, but trend.

Gapping up could reject or invert sellers’ traction, and become as bullish as the setup would have been bearish. Bouncing right now ahead of the 3:37-3:52 position-squaring window is likely to fail and probe fresh session lows. A short-squeeze instead would have to retrace the entire afternoon drop to be relevant.