Pre-close View… The trend is our lost friend.

Decent-sized swings continue within the range.

The only concern we discussed during the pre-market Tour about today’s session was the likelihood it wouldn’t trend. That was an important topic, since rallying 31 points overnight from low-to-high was teasing at extending.

In fact, several relatively sizable swings have developed intraday. One no-bias environment after another hasn’t convinced price action to sit still. And they’ve mostly been predictable — including the afternoon’s no-bias trending above its bias-up signal, and its required failure.

That requirement below has been fulfilled. We had expected that any trending today would develop late-afternoon, if at all. It’s late-afternoon. Extending above 1930.00 would target an attack on 1935.00. Extending any higher through 3:10-3:20 would reflect buyers gaining traction.

Otherwise, no further trending-like behavior is required today — there would be vulnerability to retesting the afternoon lows, but no predictive signal.