Pre-close view… Trapped longs escaping.
This afternoon”s no-bias environment began lapsing at 2:30. Its 2073.50 bias-up signal had held its test as resistance, reacting down to 2068.00. Back above 2071.00 would have given one more chance to a rally.
2071.00 was touched, but not even pierced before reacting down sharply to fresh post-open lows attacking 2065.00. And now that has extended to probe under last night”s lows down to 2059.25.
Lower lows would target 2057.50 and 2054.50 unless 2062.00-2063.00 is recovered into or out of the 3:37 PM position-squaring window.
