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Pre-close View… The rest is on the house. – If, Then… Market Timing

Pre-close View… The rest is on the house.

Minimum objective is fulfilled.

The inverted session-long decline’s requirements are similar to the session-long rally: Each timing window probing its prior timing window’s high, with one exception.

Today’s exception was the afternoon’s bias environment. The final hour just probed above its high. It’s probing fresh highs, too.

Higher highs aren’t required. They’re likely, but likelier on any day other than Fridays because of the oddities of Friday afternoons. Risk of reversing down can’t be dismissed, not as much buying pressure that was expended already, with no requirement above and weekend illiquidity ahead.

Meanwhile, the 3:10-3:20 timing window just trended up above prior highs, after the bias environment was exited above the noon hour’s high. Buyers gained traction for their efforts. That’s less reliable on a Friday, but it does warn to be cautious if selling.