Pre-close View… Topical depression.

Simply describing the bias environment’s exit as being under the noon hour’s 1941.75 high leaves a lot of price action unrecognized. Three surges during the bias environment originated from under the noon hour’s 1941.75 high. One probed up to 1944.75 before reversing back under 1941.75.

But each surge’s probe was retraced deeper and deeper. And the bias environment began lapsing under the noon hour’s 1941.75 high. That last dip reacted up momentarily 3 points from 1939.00 to 1942.00.

Just entering the final hour back above the noon hour’s 1941.75 high would suggest that sellers are marginalized. The balance of the session could still gravitate slightly higher from lack of selling. Regardless, not already probing above the bias environment’s 1944.75 high through 3:10-3:20 would remain vulnerable to extending down.