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Pre-close View… That’s leaving a mark. – If, Then… Market Timing

Pre-close View… That’s leaving a mark.

Final hour trending to new post-open extreme.

2:30’s 1877.00 print wasn’t necessarily contained within the noon hour’s range, but bias environment exit was overlapping the noon hour’s high instead of exceeding it. Anyway, its surge up to 1879.00 reacted down sharply to enter the final hour under the noon hour’s 1868.50 low.

Along came the tie breaker, i.e. the 3:10-3:20 timing window, which broke under the morning’s 1865.75 low. Sellers gained traction.

That extended down to 1861.50. If sellers got ahead of themselves, then they did a good job of correcting it, stopping optimistically short of touching the overnight low within 2 ticks, and reacting up to the 1877.00 bias environment exit — natural resistance.

Absent gapping up above today’s 1886.00 and 1889.75 highs, tomorrow morning is likely to probe under today’s lows.