Pre-close View… There’s more?

Marginalized sellers still being squeezed.

The noon hour had rallied up to 2033.00 Exiting the noon hour with a dip to 2029.00 recovering above 2030.50 was likely to marginalize sellers for the day. In fact, the 2034.50 bias-up target was being pierced up to 2036.00 at 1:20.

That didn’t necessarily renew the bias-up signal, but I gave it a benefit of the doubt. And the renewed bias-up target at 2041.25 was met as the bias environment began lapsing. Now its reaction down is recovering to fresh session highs at 2048.50.

Marginalized sellers, indeed.

More so, buyers gained traction for their effort. The bias environment was exited above the noon hour’s high and the final hour was entered above the bias environment’s high. Probing higher highs is likely tomorrow morning — assuming too much ground wasn’t covered overnight, or into today’s close.

The ground covered already into today’s close is starting to be a little too much.

Back under 2041.00 would start to signal today’s rally was done, with a pullback targeting 2035.00. Any updated or new signal will depend on how much higher the rally runs, if at all.