Pre-close View… Tough work, if you try to get it.

Range bound morning, afternoon, and now final hour.

We knew of the potential dry cleaners morning after today’s first half-hour. We knew of the same potential for more narrow ranging this afternoon at 1:20. None of which is relevant during the final hour. Except that today, it is.

A session’s last 60-90 minutes is more about the segue into overnight and the next day. The dry cleaners afternoon doesn’t apply to it.

Except when morning AND afternoon narrow ranging aren’t resolved into the close. Consequently, the next bias environment tends to be another dry cleaners morning.

None of which precludes gapping up or down. But just as it was going to be difficult trending from a standing stop this morning, tomorrow morning it will be difficult trending out of today’s narrow ranging.