Pre-close View… Tracking almost perfectly.
Failed fresh highs maintaining the topping setup.
Attacking this afternoon’s 2004.75 bias-up signal to within 1 tick had reacted down quickly to 1995.25. The next half-hour ranged sideways around the 1997.50 bias-down signal.
Coming within view of the bias environment lapsing allowed the bias environment’s range to break. Which it promptly did, attacking 1988.00, where oversold RSIs have produced a bounce attacking 1993.00.
The topping setup doesn’t allow an overt attempt at trending down today. A slightly positive close at or above 1995.00-1997.50 would be optimal. Having gapped down, closing under the 1984.50 pre-open low would form a sort of pivot reversal which would also qualify. Either setup would be expected to start trending down Tuesday afternoon or Wednesday morning.
The potential topping would remain intact in case of a slightly lower close that is neither positive nor under the morning’s low. The schedule would become delayed while awaiting a higher close, another slightly higher close with a little more room above.
