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Pre-close view… Trying to come off a low note. – If, Then… Market Timing

Pre-close view… Trying to come off a low note.

Lower and lower lows may have stopped their downtrending.

Sellers started gaining traction, but weren”t confirmed. The bias environment”s 2068.00 exit was under the noon hour”s 2072.50 low. But despite having extended down to 2061.25, the final hour”s entry was overlapping the bias environment”s 2066.00 low. 

The 3:10-3:20 timing window didn”t confirm or reject, so it”s too late for any action today to be predictive for Thursday”s session. 

Is it too late to start trending back up? An 8-point bounce is now slipping back as the 3:37-3:52 position-squaring window starts opening. Back under 2066.00 would likely target fresh lows at 2058.50. But that would still be too late to influence tomorrow”s session.

If not delayed much longer, back above 2070.25 could add another 8-9 points before the close.