Pre-close View… That’s gonna leave a mark.
Relentless slide is teasing at a bounce.
The afternoon’s 2060.00 bias-down target was being overlapped at 1:20 to avoid renewing the bias-down signal. That didn’t change whether it was still a bias-down environment. Despite not being required, the decline extended down to 2040.00.
Now a bounce is testing resistance at 2048.25. That’s also a buy signal. Triggering it would marginalize sellers for the day, and target a bounce to 2056.00.
But oversold RSIs at the 2040.00 low want to be retested, and today is fine with them if the bounce isn’t extending higher. Their retest’s next lower objective is 2035.25.
