Pre-close View… The price of delay.

Shallow corrections rack up a bill.

The post-open reaction down from testing 2066.00 had recovered to trigger the bias-up signal triggered. After also extending through its bias-up target, the noon hour’s shallow correction confirmed the session had become overly optimistic.

Surging6 points to 2079.00 was broadsided easily by the FOMC news. Its reaction plunged to fresh session lows at 2055.50.

Recovering since then has climbed as high as 2075.50. There’s no requirement to resume the rally today. So long as the eventual third higher close required by Thursday’s confirmed breakout is fulfilled today, the rally’s next higher objective at 2088.00 is likely in-play.