Pre-close view… The pause that refreshes sellers.

Corrective bounce underway.

Room for noise under 2077.00 down to 2073.00 was probed to 2069.75. The lower probes were still attached to 2073.00 as each leg still overlapped it.

Meanwhile, 1-minute RSI finally began diverging negatively. And although sellers were in control of the bias environment exit back under the noon hour”s low, they didn”t control the final hour”s entry which was back in the bias environment”s range.

Now a bounce is testing 2076.00.

The 2069.75 low was a single breakout from a Descending Triangle that had formed around 2073.00. The breakout reacted up as quickly back to 2073.00. And then higher from there.

This is a “failed Descending Triangle” pattern. Its reversal can be substantial, but it is rarely durable. Its likeliest objective is 2077.00. The decline could resume by reacting down through the 3:10-3:20 timing window or else at the 3:37 position squaring window. Avoiding those windows could delay fresh lows until Monday.